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Calls for France to leave Eurozone

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The Euro is higher against the US dollar today after positive data out of the Eurozone and one of Germany’s most influential politicians called for France to leave the Eurozone.

At 8.39pm (GMT) the Euro was trading at $US1.1265 up 0.37 percent from yesterday’s trade.

Germany’s latest IFO business climate index came in at 106.6 against expectations for a figure of 107.1 showing business confidence remaining stable in Europe’s biggest economy.

In a shack announcement ,Joerg Meuthen, co-leader of the AFD told a German newspaper in an interview today that the political culture of France was not like Germany’s and they are not prepared to cut costs in order to get ahead and should be kicked out of the Eurozone,

“They don’t want austerity at all,” he said,

He noted that some countries in the EU shared the same values including some of the new Eastern European members,

“We can have a common currency with the Netherlands, Austria, Finland or Baltic states. They have similar cultures of stability like ours,” he added.

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