Forex Flash: Upside remains limited for NOK – UBS

According to the Economics Research Team at Goldman Sachs, “Given that government balance sheets across the Euro area remain distinct, the fiscal strength of the Euro area as a whole still rests in large part on its most vulnerable member states.” With the fiscally weakest small member states now covered by support programs, the focus has shifted to larger Euro area countries with fiscal challenges, since their potential fiscal needs exceed the current size of the European fiscal rescue facilities.