Exit a week in which little has been done in Europe to revive Greece and solve the problem of debt.
As in several months, taking meetings and summits, conferences, warnings and even threats. It has called on Greece to impose very harsh adjustment plans, which he did. But no sign of an agreement committing their future.
It's simple. In light of the public, no one can be exposed to the best deal for Europe is that Greece abandon the euro area. But it's the truth. Then look further complicate the situation in the country Hellene changing conditions that are necessary to send money to save their collapse.
Greece, who since joining the euro area had a policy on waste of resources and political patronage, through the support of whom the request and falsified statistics to enter it now appears as the only culprit in this situation.
But did all of Europe that, and so did the banks and rating agencies, whose task is to investigate and advise, and seems to have discovered too late that Greece was not perhaps the best destinations for investment.
So the intermediate output, which appeared in these days is to approve aid for Greece, but to delay implementation until the elections scheduled for april. Before, of course, you will receive 14.4 billion euros, payable on 20 in March. The worst solution, doing things by little, without conviction, and courage will deliver both partners: Europe to send money that you know will never recover, and Greece in the euro zone out of it just because it would mean a catastrophe worse the present.
Besides all that the euro's fall was arrested Thursday in the U.S. session, and began to catch up on par with other leading currencies.
Friday's meeting operating on the European stock markets higher, with moderate gains, with the Dow Jones index futures recovered their losses on Wednesday.
As for the other currencies, the pound was strengthened by a retail sales data in Britain is much higher than expected, while the yen continues its downward trend, with the U.S. economic recovery for investors from currency refuge.
Particularly in the United States is expected to publish the retail inflation index of 8:30 Eastern, which could show an increase of 0.3% in January. Also be known, issued by the Conference Board leading indicators indicator which would have a positive tone for the fourth consecutive month, highlights the progress of the world's largest economy.
Performed by Gerardo Porras, Analytical expert
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