GOLDMAN SACHS- main focus on French/Spanish budget

"The main market movers for the week are likely to be the 2013 budget announcements on Friday in both Spain and France" - Goldman Sachs.
It is because both countries continue to hold the larget budget deficits in the eurozone.
Significance revolves mainly around the Spanish budget announcement which may contain a simultaneously published reform program.
That could subsequently become the basis of a future Memorandum of Understanding (MOU), in case the Spanish government asks for support under the EFSF/ESM umbrella.

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