• Euro zone GDP expected to rise 0.2% next year
  • France expected to grow 0.4%
  • Germany expected up 1.2%
  • Greek GDP forecast to contract 4.2%
  • Spain to contract 1.5%

If Greece leaves the euro zone, GDP would fall 4.5%, Moody’s forecasts.

EUR/USD is being dragged to and fro on fiscal cliff headlines. These are the most volatile markets in months, thank goodness.