As many investors were looking at buying and selling the EUR currency against other forex currencies, the financial news out of the EU was of the anticipated meeting of European leaders who had to tackle the budget issue at their meeting in Brussels. In the end, they agreed to chop 3% from the 6-year spending limit of the EU government. This was seen as a compromise between those nations who wanted to cut much more, and those that wanted to increase the budget and the deficit along with it. This editorial economics cartoon satirizes the state of the Euro in the run-up to the now famous meeting, which led to the historic reduction in spending. Do you think that the three percent spending cuts will actually help the Euro recover and start to regain strength, or do you think that the damage is already beyond repair? Whatever the outcome, online traders with insight can make great gains for their portfolio by trading well on news of this sort. You can see the article which accompanied this editorial business cartoon on February 7, 2013 in the binary options news by OptionsClick.

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