Ends in November, a month very complex, with a new meeting "summit" of finance ministers from the eurozone.
Proving difficult to understand voluntarism in an area like this, to the Luxembourg Finance Minister said before the meeting, which will be very difficult for the grandly named European Financial Stability Fund is brought to 1 billion euros, to that the group had committed a few days ago.
You can not ask for confidence in the markets with statements how are you. It is impossible to believe someone who says, probably looking out the fire that comes form a background of financial shield for a few days will be denied.
At the same time criticizes Europe for its markets for profit, as if this were not a property of financial markets, and as if someone forced to spend several populist governments that do not have, nor will through genuine, that is, tax revenues and exports.
Permanently Dress inability of governments seeking to defend expressions called welfare state, which is little or nothing in some nations, with excuses that only seek to indict those who have no guilt.
The euro crisis seems to go these days, in a final stage. According to whom this firm, it seemed impossible just over a month since the coin so far is very strong on all fronts (the end of the day, something born in January 2002 to less than 0.80 and today is above 1.30 against the dollar) could be at risk of ceasing to exist as it was conceived, and how it was implemented.
Clearly, the launch of the euro has been a political project, which included a monetary union, and not vice versa. So the political problem posed in the present, which played several representatives office in a few months, is the main cause of the problem and for that reason is not clear the end of the crisis.
This process, which began just broken the bank Lehman Brothers in September 2008, finished with seven European governments, and in two countries with a democratic tradition of several centuries, currently ruling technocrats from Goldman Sachs, which now appears as a big winner in this crisis. After all, managed to place their former executives in the heads of two national governments and the European Central Bank. It is not.
The euro is moving in this context thick, without resolutions and full of doubts, with erratic movements, which are more widespread than those with the other hard currencies.
Thus, the single currency had arrived on Tuesday to 1.34, a value that exceeded temporarily, but remained almost unchanged at 1.3330 area for several hours in the U.S. session on Tuesday.
U.S. side, a good consumer confidence report gave force to the actions of the NYSE.
Today, on the end of the month, the U.S. economy begins to receive employment data, which are, as you know, keys. At 8:30 of this survey will be known ADP private employment, whose previous talks about the creation of 131,000 jobs in November, against 110 000 in October. Of course, the official data issued by the Department of Labour and due on Friday, will give more light on the matter.
Also be published at 8:30 Canada's GDP, at 9:45 Chicago PMI, and 10:30, the weekly oil inventories.
As important fact worth mentioning also that China has now cut its rate by 50 basis points of interest. This gives upward momentum to the euro, British pound and Swiss franc.