Japanese analysts predict a depreciation of the euro to 1.18 dollars

Analysts one of the largest Japanese bank Mizuho Corporate Bank project decreased to EUR 1.29 dollar mark by the end of March and 1.18 dollars - to December 2011 As explained in Mizuho, ??the weakening euro will contribute to the debt problems of the eurozone, which may force the European Central Bank (ECB) to go to the steps to reduce its monetary policy, RBC reports referring to Reuters. It seems that the eurozone's debt problems were the focus in 2010 is particularly acute financial markets react to the slightest variations in the "problematic" countries PIGS (Portugal, Italy, Greece, Spain). These countries are now creating problems of their brethren in the euro area, as have a large external debt and little opportunity for his redemption. The crisis in Greece, which broke out in the spring of 2010. Forced the European countries take urgent action. In an attempt to stabilize the situation and keep the rate of the single European currency, the EU agreed with the IMF to create a special stabilization mechanism of 750 billion euros. However, this measure, as analysts note, had only a short-term effect. Financial markets are still reeling, after the establishment of the Stabilization Fund does not fundamentally change the situation and does not solve structural problems, and it means - in the developed North and in the future will have to save economically backward south. Meanwhile, in the queue to "rescue" is already lined up Portugal and Spain (the salvation of the less fortunate "colleagues" for the eurozone - Greece and Ireland - cost the EU and the IMF's 110 billion euros and 85 billion euros, respectively), and emergency assistance to these countries can need in the very near future. Given these factors, analysts say that to solve the debt problems of European countries will have throughout this year. If the debt crisis in the eurozone will deepen, it will inevitably lead to a weakening euro.