Euro introduction went through easily despite a strike of bank employees in Italy and France. Europe's common currency rose 1.55% to 90.38 U.S. cents from 89.0 on Monday. European Central Bank is going to release daily reports about euro introduction.
Argentina has a new president again - Eduardo Duhalde, senator and former vice-president. He said in his acceptance speech that the former government's reliance on the policy that pegged the peso to the U.S. dollar is main source of Argentina's economic problems.
The Czech government is going to pick up Arthur Andersen as an adviser for the purchase of Gripen fighters from consortium BAE Systems. The government is probably going to choose the advisor without tender using a controversial passage in the law about public orders.
Finance ministry will release a December state budget report today. So, it will be possible to overview the whole year figures for the first time. We expect a state budget to reach a deficit of CZK 85-90 billions.
Does U.S. economy start to recover? The manufacturing index of the Institute for Supply Management, formerly known as the National Association of Purchasing Management, increased to 48.2 in December from 44.5 in November.
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