Sees positive outcome at next Eurogroup meeting Support subject to adoption of already agreed Greek measures Any agreement subject to approval of IMF board In essence, the IMF is saying there is not yet a deal as Greece has yet … Continue reading
EUR/USD back down at 1.4117.
Another nail in the euro coffin for today. EUR/USD pushed lower again to 1.4213
Well so much for the emerging powers fielding their own candidate, if Brazil sides with Lagarde… Must be some mighty fine IMF perks headed Brasilia’s way in the not to distant future.
Sounds like they are on the same page as M. Trichet rather than Herr Schaeuble. Important that financing for Greece be sufficient to make program sustainable
Steps to cool rise in real estate prices having desired impact, but still a “propensity for property bubbles” Expects China’s current account surplus to begin to rise this year
G7 is willing to take action on fx when market conditions appear disorderly
Looks forward to Japan economic rebound in coming year Sees uncertainty about recovery in Japan’s power sector, external demand Japan, most other advanced economies, must tackle fiscal consolidation Timely passage of 2nd extra budget by Japan for quake, other related … Continue reading