Germany's Merkel: Differences remain on budget but Germany will offer compromises

Eren Sengezer FXStreet

"Time is pressing to reach a deal on the EU proposals for budget and recovery fund," German Chancellor Angela Merkel said on Tuesday, as reported by Reuters.

"Differences remain but Germany will bring compromises to the table," Merkel added.

Market reaction

These comments don't seem to be having a significant impact on the shared currency's performance against its rivals. As of writing, the EUR/USD pair was up 0.55% on a daily basis at 1.1403 and the EUR/GBP pair was gaining 0.66% at 0.9089.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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