Some facts on euro worst fear to foreign exchange market

The ongoing depute of the Greek, Ireland, Portugal and Spain debt crisis is still yet to reach its conclusion. While focusing only on setting up enough funds to help Ireland, Portugal and Greek, their worst fear is getting nearer.  With Spain economy standing as the fourth biggest in the euro-zone, if it happens to be unable to retain its economy exposing to sovereign debts would be hard to solve.

The bursting of Spain property boom resulted in great lost to the economy. And here are some facts on the Spain economy. Over 20% of workforce is unemployment, deficit of 11.4% of GDP, total debt equal 240% of GDP, credit downgrade, 1.6 million unsold housing, carbon restriction forcing into green economy causing job lose and higher energy prices.

This uncertainties in the euro-zone will have a great effect to the euro in the foreign exchanging market.