EU Debates Budget Target

"The FX markets are now under the influence of a trilogy of themes," says Société Générale strategist Vincent Chaigneau in his latest report.

This article was originally published on Futurity and has been re-printed here under the Creative Commons license.

Former Central Bank of Cyprus chief Anthanasios Orphanides was on Tom Keene's show on BloombergTV this morning. In his interview, he goes off on the EU for its treatment of Cyprus, and says the European project is dying.

European leaders are gathered in Brussels for another summit, facing new concerns that their austerity policies are adding to the continent's unemployment problem and weakening the chances for an economic recovery. Thousands of workers gathered outside the summit meeting place Thursday to protest the austerity policies that European governments have embarked on to cut their deficits and long-term debts. The European Union leaders were faced with a new report that the number of people ...

TORONTO — Half of Canada’s primary dealers have recently pushed back forecasts for the timing of the central bank’s next interest rate hike, a Reuters poll showed on Friday after weak jobs and housing starts data suggested the economy will struggle in 2013. The economic figures released on Friday were the latest in a string of dismal indicators. Earlier reports had prompted the Bank of Canada to say on January 23 that a rate hike would be further in the future than it had once thought.

BRUSSELS (Reuters) - Talks on the European Union's 2013 budget collapsed in acrimony on Friday, denting hopes of a swift deal later this month on the bigger issue of the bloc's long-term spending for 2014-2020. Negotiators for EU governments and the European Parliament walked out without even discussing next year's spending blueprint, after 8 hours spent squabbling over a request for 9 billion euros in extra cash to fill a funding gap in 2012. ...