The euro lies at the root of Europe’s record unemployment rate and countries such as Spain and Greece should quit the common currency to return to economic health, said the head of Germany’s fledgling anti-euro party.
Slovenia’s benchmark bonds rallied, pushing the yield to the lowest in almost two weeks, as investors disregarded a credit rating cut by Fitch Ratings amid government efforts to pull the nation out of a recession.
Slovenia’s sovereign-credit grade was cut by Fitch Ratings, which cited a worsening economic outlook and a widening budget deficit as the euro-area nation battles to rescue its banking industry and avoid a bailout.
International investors are the most bullish they’ve been on the U.S. and Japanese markets in more than 3-1/2 years as both countries’ economies are seen as improving, according to the latest Bloomberg Global Poll.
Austria’s central bank said Hypo Alpe-Adria-Bank International AG will likely avoid a 16 billion- euro ($21 billion) insolvency as policy makers negotiate with the European Commission over the nationalized lender.