The European debt crisis aggravates from one day to another. As the Italian rating has been downgraded today, there are more and more concerns about the viability of the European Union. In order to try and find a solution to these problems, the finance ministers of the countries in the European Union met today to discuss the sovereign debt crisis issue, especially the situation in Greece, but the meeting ended with no noticeable results. All this indecisiveness of the European politicians had a very bad effect upon the European currency, which has recorded once more losses against its major counterparts. But this is not the only European currency which performed badly today, as the Swiss Franc also registered losses based on the speculation according to which the Swiss National Bank is going to impose new measures in order to prevent the overvaluation of the nation’s currency.
When it comes to the problems in the European Union, the most Read more »