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EA growth - to be or not to be?
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The recently elected President of France Fran?ois Hollande set himself not as a reformer of the budget austerity measures, but as a politician who prefers economic growth of the country.


By far the French economy has not demonstrated any positive changes, though Hollande has presented a project of stimulating the general economic advance in the European Union. The project costs mere 120 billion euro.


The offer is titled �A Pact for Growth in Europe� as opposed to the �EU Budget Pact�; the European leaders will get familiarized with it at the next EU summit in Brussels due on June 28-29.


In the Pact the French President offers to fight unemployment and restore the economic uprise by developing large enterprises in the sector of energy and biotechnologies. First and foremost, the authorities will have to improve the living standards of the population, especially of the young adults.


It is also necessary to impose a tax on the financial transactions. Holland suggests to handle financing of the growth pact to the structural funds of the EU and with the help of �project assets�, so-called collective borrowing directed to secure large investment contracts.


Now the decision of the Europe�s leaders should be awaited.


Calendar and reviews
Trader’s calendar on March 28: Any winners in Trump’s tariff game?
Trader’s calendar on March 21: USD to stagnate while markets hesitate?
Trader’s calendar on March 20: USD to remain among gainers despite recent decline?
Trader’s calendar on March 19: Trump’s actions cause sell-off in USD
Trader’s calendar on March 18: Is USD strong enough to stay afloat?
Editor's choice
Being a participant of Dakar Rally 2012, that took place in Argentina, Chili and Peru, InstaForex Company also decided to visit Brazil, Rio de Janeiro in particular, which is one of the financial centres in Latin America. Rio can be included in the geography of the partner representative offices of the broker. A trip to Brazil coincided with New Year’s Day, that was celebrated by the representatives of the company in accord to the Brazilian tradition – on the beach where they threw white roses into the ocean waves so that success always waited upon the broker’s clients.
Dr. Rakesh S. Rajangam, Doctor at Newcastle University: "Important aspects in HR management" (ShowFx World Exhibition in Singapore)
Trader’s calendar on March 28: Any winners in Trump’s tariff game?
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