Crisis of the European Market For Another Meeting in a Week

It was in Europe, almost every time the market again last week to move to the rhythm of political conspirators in Greece, Italy and the EU. After what seems, in the inertia in Greece and Italy related to their political leaders, the two countries have moved to replace their debut. In Greece, after a few days of dithering, the time lost and the wrath of the public and private sectors, finally, a new Prime Minister. 10th November Lucas Papademos, a former vice president of the European Central Bank, was named after George Papandreou, who promised to replace four days earlier to resign. Papademos, an economist and member of a political party has a good reputation, which is Greek life partner. The financial professional should be helpful if it is achieved by the complexity of the implementation of the agreement with the European Union and the International Monetary Fund.

In addition, progress in Italy, it has become necessary reforms have been approved. On Friday, the Senate reform to reduce the budget deficit and liberalize the economy. Estimated room of the House of Representatives or the House of Representatives will adopt the measures over the weekend.

This sets the stage for the resignation of Silvio Berlusconi as prime minister expected and replaced it with an interim government. Italian President Giorgio Napolitano would appoint former European Commissioner Mario Monti, head of a transitional government, although likely to change at the last minute in Italy unstable political scene. When Mr Monti is chosen will immediately be under pressure from investors and European managers to take measures such as the tax on debt 1.9 € Italy. Italy has also faced repeated requests to the tension on the labor market and further cuts to release in the bureaucracy.

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