Tag Archives: Merkel

German Constitutional Court Approves ESM – Caps German Contribution to 190 Billion

The long awaited decision by the German Constitutional Court on the ESM didn't deliver major surprises. The Court approved the ESM but capped Germany's contribution to the fund to 190 Billion Euros, the share set out in the current ESM treaty. Any increase in the amount will require prior approval by the Bundestag, Germany's lower house of parliament. Germany's bailout exposure so far amounts to...

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September 13, 2012 @ 3:36 am

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German Constitutional Court Approves ESM – Caps German Contribution to 190 Billion

The long awaited decision by the German Constitutional Court on the ESM didn't deliver major surprises. The Court approved the ESM but capped Germany's contribution to the fund to 190 Billion Euros, the share set out in the current ESM treaty. Any increase in the amount will require prior approval by the Bundestag, Germany's lower house of parliament. Germany's bailout exposure so far amounts to...

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September 13, 2012 @ 3:36 am

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EUR/USD Unchanged After ECB Press Conference as Outcome Close to Leaks

The long awaited ECB press conference came and went but offered little new after all the leaks we have been getting in the days and weeks preceding it. The Euro closed the day practically unchanged up only 10 pips from its pre-ECB press price. The pair had a roller coaster session, the single currency first fell 60 pips from its pre-release price of 1.2620 to 1.2560, only to surge 86 pips from...

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September 7, 2012 @ 2:41 am

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EUR/USD Unchanged After ECB Press Conference as Outcome Close to Leaks

The long awaited ECB press conference came and went but offered little new after all the leaks we have been getting in the days and weeks preceding it. The Euro closed the day practically unchanged up only 10 pips from its pre-ECB press price. The pair had a roller coaster session, the single currency first fell 60 pips from its pre-release price of 1.2620 to 1.2560, only to surge 86 pips from...

Continue reading...

September 7, 2012 @ 2:41 am

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