European currency weaken strife

The global economy rules igry04-06-2009 the European currency weaken the contention today throwing the rate of European currencies against the dollar - evidence of its weakness. Although the meeting of the European Central Bank and did not bring surprises, it reiterated the prevailing there contradictions. "In the end this will weaken the euro", - said the chief economist at SG Finam "Alexander Osin in an interview Bigness.ru. The current growth of the European currency will soon be replaced by her fall. Past meeting today ECB did not bring surprises: the interest rate remained the same - 1%. But the head of the European Central Bank Jean-Claude Trichet signaled that it is not the limit - the rate can be further reduced. After all, the case in the European economy are important. The fall of this year will be even greater than previously forecast the ECB, Trichet said today. According to him, the decline in GDP in the eurozone in 2009 will make 4,6% against 2,7% on the previous estimates. However, the assistance that the ECB will provide for the needs of the European economy will remain in the old borders - 60 billion euros. The news about a possible interest rate cut - it's not quite what I wanted to hear, Germany and the European banking community. For them, it is important to curb inflation, said Bigness.ru Alexander Osin, chief economist UK "Finam". A rate cut is usually faster inflation. "Germany is leading the country eurozone, is struggling to ensure that goods are cheaper and competitive in world markets", - said the expert.