Inflation and oil price level not a big danger at the moment for firms, but poses potential risk Firms are getting used to the euro zone debt crisis, no sign that it is having a strong influence on them ECB … Continue reading
Stronger than Reuter’s median forecast of 109.6.
They don’t look too happy about it
Again demonstrably weaker than Reuter’s median forecast of 51.0. Services PMI 51.8, weaker than Reuter’s median forecast of 53.0. EUR/USD extends sell off on the data, presently at 1.3175.
Jens Weidmann, in an interview in the Sueddeutsche Zeitung, opines that the government’s budget plans for 2013-2016 lack ambition and could have made faster headway in reducing deficit. Merkel’s cabinet yesterday approved plans that aim for a balanced budget in … Continue reading
‘While much of euro zone deals with busts, property prices are rising in Berlin, Hamburg, Munich.’
Lagarde wants a big one while Merkel says size doesn’t matter…
Greek debt take-up is historic opportunity for the country Troika will now assess whether debt swap take-up is enough to meet demands of Eurogroup Eurogroup will decide in teleconference today how to proceed with Greece Reuters reporting.