Tuesday, February 19, 2013

The Euro Plummeting, unemployment is rising in Portugal

Euro Anjlok, Pengangguran di Portugal Meningkat

Monexnews-the Euro weakened against most major currencies after the unemployment rate rose to the highest level of Portugal since the introduction of the single currency because the country is struggling to get out of the recession that is currently on its third year has been up in 2013.

17-country currency earlier rose after industrial production rises more than expected and bond Italy stayed on the top level as the Government managed to sell bonds worth almost $ 9 billion. The Yen strengthened against most currencies, even after the Bank of England Governor Mervyn King said that the currency should allow for berfluktuisasi's based on monetary stimulus measures, those comments simply soothe worries the market from the G-20 meeting, which is likely to be criticized in Japan weaken its currency.

"Portugal's Prime Minister sounded worried about the rising number of jobless growing, coming on the eve of the release of growth data from Europe," said Joe Manimbo, market analysts in Western Union Business Solutions in a telephone interview from Washington, D.C. "We are beginning to see rising economic anxiety kepermukaan


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Title Post: The Euro Plummeting, unemployment is rising in Portugal
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Author: Mohammad Zulfi Satriawan

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