"The euro has gained 0.2% against the US dollar, hitting its highest level since last November, driven by optimism surrounding Germany's ambitious spending plans."
"Friedrich Merz's administration is set to establish a 500-billion-euro infrastructure fund, which could restore confidence and ignite economic growth in Germany."
The euro has gained against the US dollar for the fourth consecutive day, reaching its highest level since November, amidst Germany's plans for a significant increase in defense and infrastructure spending. Proposed reforms could lead to increased bond issuance, supporting Eurozone economic optimism. A potential 500-billion-euro fund proposed by the incoming Chancellor could enhance Germany's growth prospects, impacting overall European economic confidence. However, increased bond yields pose a risk of higher financing costs. Forecasts have been raised, indicating a potential boost in Germany's economic growth of 1.5% to 2% by 2027 due to these factors.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]