Finally Eurozone Agrees To Accelerate Payment To Permanent Rescue Fund

Before we jumped to Eurozone economic news, we reported about Japan Core CPI Falls 0.1% On Year In January, Core inflation in Japan eased 0.1 percent on year in January, the Ministry of Internal Affairs and Communications said on Friday - unchanged from the previous month and beating forecasts for a decline of 0.2 percent.

Meanwhile, Downside Risks To Global Growth Outlook Remain, IMF Warns Risks to global economic growth remained "squarely to the downside," the International Monetary Fund warned in a note to Group of Twenty finance ministers during their meeting in Mexico City over the weekend. IMF warns deeply about the sistemic effect to the global growth

Yess finally Eurozone Agrees To Accelerate Payment To Permanent Rescue Fund, Eurozone finance ministers on Thursday decided to accelerate the payment to the region's permanent bailout fund, the European Stability Mechanism, underlining their commitment to immediately take action to resolve the debt crisis. They also expressed their readiness to aid Greece using money from the second rescue package, but on condition that Greece completes the debt write-off deal with its private lenders in the coming week.

From Berlin we reported, German Retail Sales Unexpectedly Decline In January, German retail turnover fell by the most since May 2011 in January, defying expectations for sales growth.

Many traders waiting about "fiscal compact" respons effect, EU Leaders Sign 'Fiscal Compact' Treaty, Leaders of twenty-five EU nations on the second day of the summit signed the "fiscal compact" agreement in Brussels, to enforce tougher budget discipline. But The United Kingdom and Czech Republic refused to sign the deal. The German-inspired agreement, which is due to take effect on January 1, 2013, includes a requirement for national budgets to be in balance or surplus. Moreover, the balanced budget rule must be incorporated into the member states' national legal systems.