After euro plummeted nearly 100 pips against US dollar to its lowest in 4 days, German‘s Advisory Board for Ministry of Finance warned that there’s significant risk of a new euro crisis.To get more news about wikifx, you can visit wikifx news official website.
German‘s top court warned that part of the European Central Bank(ECB)’s practices may be illegal, and partially rejected ECB‘s quantitative easing plan. German’s Minister of Finance said that in principle, the ruling still allows ECB to make massive purchase of assets, while Germany will make further decisions in June in regards to EUs stimulus plan.
Jan Von Gerich,a market economist from Nordea Bank, noted that the Federal Constitutional Courts ruling offered 3 months for the ECB to further justify the asset purchase program, which means euro-assets and Italian bonds will face greater short-term pressure.if you want know more,Download wikifx