French President Emmanuel Macron and German Chancellor Angela Merkel have taken the initiative to create a common budget for the euro area. However, 12 countries of the European Union opposed this project, the Financial Times reported referring to the letter of the Minister of Finance of the Netherlands, Wopke Hoekstra, to Eurogroup president Mario Centeno. The Dutch minister stated about the existing “wide discrepancies” in the issue of the need to create a unified budget for the euro area. He noted that a number of countries expressed concerns about “moral risks” and the issues of “fiscal neutrality' that arise when considering this project.
Yen gains on nCoV concerns, frail economic outlook drags euro13.02.2020
Foxconn: recent Reuters report on factory resumption in China, not factual06.02.2020
Dollar stands strong with support from domestic data and virus optimism15.01.2020
Oil inches down on concern that Sino-US trade pact may not stimulate demands