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Expectations for the future of the EU are not met
The situation of the EUR is getting worse at the of this week, as investors worldwide realized that the expectations that were put in the result of the European Summit, currently taking place, are going to be disappointed. Even the German Chancellor Merkel was clear on the fact that no practical solution, or plans, will come out of it: the result is that forecasts for the future of more than one European country currently in a problematic situation are being revised for the worst (especially for Greece, Spain, and Italy) thus affecting the financial performance of the whole continent.
The U.S. are also under scrutiny, as the economic slowdown, by many seen being led by the situation in Europe, is affecting also all the other major economies of the world.
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