By: Gilberto on Lunedì 19 Settembre 2005 00:04
E l'euro ?!
Dal momento che nel "paniere euro" , il marco è certo la moneta con più peso , qualche scossetta dovrebbe darla....
Sept. 19 (Bloomberg) -- The euro fell as counting in Germany's election showed opposition leader Angela Merkel may have to share power with Gerhard Schroeder's Social Democrats.
Merkel, who pledged to cut taxes and employment costs in Europe's largest economy, won't have a majority together with her preferred coalition partner, early results indicate. Her policies may be diluted if she has to govern with the Social Democrats. Merkel and Schroeder each claimed the right to govern.
``Looks like it will be a bad week for the euro,'' said Carsten Fritsch, a currency strategist at Commerzbank AG in Frankfurt. ``Reforms are going to be slow and very minor in Germany over the next four years.''
The euro weakened to $1.2180 against the dollar at 6:56 a.m. in Wellington, New Zealand, from $1.2234 on Sept. 18 in New York, according to currency trading system EBS.
Merkel's policies won her support from business groups such as the BDI industry federation, which represents 107,000 of the country's biggest businesses. Among her proposals is suspending legal protection against unfair dismissal for companies with 20 workers or fewer and reducing income as well as corporate taxes.
The result is ``deeply disappointing,'' Juergen Thumann, the president of the BDI told Germany's ARD television. ``It will be more difficult to govern Germany.''
German unemployment rose to a post-World War II record of 12 percent in March, while the economy stagnated in the second quarter. In the U.S., the jobless rate fell to 4.9 percent in August, the lowest in four years.