Euro's rally continues after a brief pause, boosted by signs of political breakthrough in Germany over major defense and infrastructure spending. Consensus appears to be emerging around the large-scale funding deal, a game-changer toward bolstering Europe’s economic and defense resilience, especially amid ongoing geopolitical conflicts in Ukraine. Germany’s Green party is reportedly prepared to reach an agreement as early as this week with prospective Chancellor Friedrich Merz of CDU/CSU. Greens co-leader Franziska Brantner indicated in a Bloomberg TV interview that negotiations could move quickly, citing the urgent need for Europe to "speed up" its defense capabilities given the "dire" situation in Ukraine. An influx of hundreds of billions of Euros in spending could act as a significant stimulus for the German economy, thereby supporting the broader Eurozone...... |