EU Commission says 11 EU states facing economic imbalances

EU Commission out with latest report 7 March

  • Italy, Croatia, Cyprus all experiencing excessive economic imbalances
  • Bulgaria, France, Germany, Ireland, Netherlands, Portugal, Spain and Sweden are the other 8 states with imbalances
  • EU states should use current growth to further strengthen foundations of their economies

A few warning shots understandably in these fragile times.
EURUSD running into a little supply ahead between 1.2435-50 as I warned in the order board post and now 1.2420. EURJPY selling helping to cap too.
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