Protests and civil unrest have grown to epic proportions in Europe wherever worsening financial conditions have necessitated cuts in social/welfare programs. As a result of these developments Europeans have become extremely upset and have taken their opinions and emotions to the street where they can air their opinions to their representatives. Traders on the Forex Currency Exchange should pay close attention to these developments because they will certainly have an adverse impact on the currency of Europe and other countries closely linked to the European economy.

For the European people this is a particularly disturbing time due to the fact that the austerity measures in place will only worsen over time and are at this point guaranteed to last for several years. In the UK there have been some of the worst protests in the country’s history due to student tuition in higher education going up three fold. By tripling the cost of education the UK government has more or less forced its student population into such a difficult position that taking action is mandated. Many of the UK’s students will not be able to attend college next year due to budget cuts and a subsequent increase in the cost of higher education.

When you couple these facts with the reality that as costs go up and public aid goes down you are squeezing your citizens and the consumer base to the point of financial forfeiture. Many people of the world (not only Europeans) are beginning to buckle under the pressure of going from having “everything” to having nothing.