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Focus is on fiscal EZ policy - BBH

FXStreet (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that this week is all about fiscal policy in the Eurozone.

Key Quotes:

"The ECB meets next week, but this week is all about fiscal policy in the Eurozone. As early as today, the EC is expected to respond to the additional information it has received from several countries, especially France and Italy, the second and third largest economies in EMU."

"There are market rumors that France and Italy may have agreed to additional savings measures that will likely avoid a conflict”.

“Earlier talk suggested that Germany was keen to avoid a major confrontation, and there have been more reports that the rise in the AfD may limit Merkel's perceived options."

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