German Elections and the EMU
231 views · Published 16 February 2011 · 9:10 · Indexed 3 October 2026
Channel: FXStreet · 2011 · Education
View full webinar: http://www.fxstreet.com/webinars/sessions/session.aspx?id=56180a8b-1b55-45ff-aa4b-458e788b3fbc Expert: Joseph Trevisani, Chief Market Analyst at FX Solutions Summary: Egypt dominated the television headlines and news all week but the more important event for the currency markets and the euro was the resignation of Axel Weber, the head of the German Central Bank. The impact on the world economy of the resignation of Hosni Mubarak and the Egyptian Army's assumption of power will play out over the next seven months as Egypt moves to elections. The resignation of Mr. Weber from the Bundesbank effective April 30th was a surprise and is an immediate and enormous problem for Angel Merkel and the ECB.
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