The phrase "European Financial Crisis" become enough established in the everyday life of most financial analysts, experts and representatives of the mass media, who discuss more than four years the economic and bank problems which are taking place in many European states.
Since the beginning of crisis of 2008 the EU financial authorities have begun to develop and realize in practice difficult mechanisms of an exit from current situation. The measures were designed to increase the tax base, reduce government spending, as well as programs to support the banking systems of some countries in the Eurozone.
As noted in an article by Robert Samuelson (The Washington Post), on the basis of the report the head of the Institute of Economic Research, we can conclude, that prospects for the development of the EU at the moment is quite grim. The reason of that are serious problems of products competitiveness in several countries, making an imbalance when Germany gets a huge profit on the background of increasing unemployment in other countries.
Canada's leading marketing specialist Evgeniy Olkhovsky noted that for alignment of existing imbalances debtor countries need to continue support the economy mode, at the same time with the rejection of low inflation in Germany. In addition, the expert noticed that the EU authorities have long been taking the appropriate program to exit the crisis, especially with regard to competitiveness. For example, Japan and the USA have begun to actively implement long-term plans to reduce the deficit and restore economic growth.
The euro exchange rate continues decrease to dollar and reached level $1,2797 - experts at the online learning department of Trading Systen Masterforex-V explain. The following support is located at $1.2744, low of April. Resistance are become MF pivot 1.3240.
