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You are here: Home / Euro / Eurozone Inflation releases tomorrow

Eurozone Inflation releases tomorrow

April 12, 2017 by Ben Fletcher

Eurozone Inflation releases tomorrow

eu flagsSeveral of the nations that make up the Eurozone will tomorrow release the consumer price index figures which offers an insight into inflation levels. There is expected to be no changes from the previous month in Germany, Italy and France. However any deviation from the expected results could well cause market volatility.

Inflation in the Eurozone has been a contentious subject over the last few months as the likes of Germany believe the recent rise should constitute to an interest rate hike. Considering that all the countries in the Eurozone adhere to the same financial policy booming economies are suffering.

There have been suggestions of introducing a two tiered system which would allow there to be a split between high performing and low performing economies. However President Mario Draghi has been clear to shoot this idea down. It would be quite clear that all would be achieved is the stronger nations only getting wealthier, leaving the other nations struggling.

Spanish economy looking ominous

Spain’s Prime Minister is going to ask the Eurozone to support his budget as he tries to finally get the budget for 2017 approved in April. The current PM has the smallest majority of any leader haven’t tried for the last few years to build a coalition to lead the country. Spain currently has a deficit of 100% GDP and if this doesn’t improve in the near future, there could be further trouble for the Eurozone.

There are currently problems in Greece, Spain and Italy which don’t appear to have resolutions coming anytime soon. Over the next year there could become more of a focus on how these nations are performing especially as the UK leaves the EU and there could be more strain on net contributing economies to perform.

Filed Under: Euro

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