Just hunting around for reasons behind the euro move and there were some inflation figures out earlier that aren’t looking too rosy. Denmark HICP fell to 0.3% from 0.5% y/y (CPI 0.5% vs 0.7% prior) Holland HICP 0.1% vs 0.6% … Continue reading
Prior -1.6% CPI -2.0% vs -2.2% exp. Prior -1.3% It was going so well for them too. Better news on April industrial production which missed the -1.4% estimate to post at -2.2% but still up from MArch’s -3.1%
German spokeswoman Marianne Kothe is on Bloomberg confirming comments made by Wolfgang Schaeuble, in a magazine article Sunday, that Germany is ready to consider further aid to Greece. She says that the comments re-affirm Germany’s position on Greece. Schaeuble said that … Continue reading
Unofficial but Bloomers cite a draft report. We’ll have to wait until tomorrow for official confirmation but the Greeks won’t mind that being leaked. Funny how countries kick up a stink when they’re getting cut eh?
Headline on Reuters saying that Greece may scrap capital gains taxes for 2012/2013 on foreign holders of Greek bonds. That goes against the hoohah we saw yesterday where there were rumours that they would be looking at retrospective tax grabs. … Continue reading
Prior -2.3% There’s what saved the eurozone number as the Greeks drag their way back from recession
…and consumers are rushing to put their money in Greek bank accounts.