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Friday, October 30, 2020

The support of Euro is still strong

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According to the Morgan Stanley report, the Euro is still under the solid support from many investors.
Euro has to be taking under the EU control. The government will have to ease the pressure of the Brexit shocking vote and recapitalization of the European bank.
After these problems will be moved away from the euro’ road, will straighten the currency.
Many of American and Asian politicians and economists underestimate the Brexit influence. They still think about it as the local problem.
And here is the problem. Probably Europe will receive weak currency, banking sector, and even political situation. However, it will spread this problem across the entire world.
We can remind you the situation in 2007 when investors thought that there was a local problem in the USA. However, it dragged away the world with them. And there was the start of the very long crisis.
So, what analysts suggest to do? They suggest helping Italy and its banking system. The loans that Italy has are bigger than its economy, and the bank balance. However, it is not big enough with the support of the global community.
If the united government of the EU will decide to support its currency, it will help euro to restores its own position.

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