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European Economics Weekly

Aims to give the reader a snapshot view of both the current situation and the week ahead. It includes previews and forecasts of forthcoming events and data releases.

Sample - Crunch year for the euro-zone

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The exit path becomes clearerHas Greece already crossed the Rubicon?Austerity is the best policyGrowth talk is cheapGerman consumer boom is a mythThe ECB has limited ammunitionDraghi buries the silver bulletBigger firewall is a small step forwardLTRO sparkle starting to fadeWeak labour market underlines divergence with US
Greek deal does not eliminate break-up risksWill stubborn inflation scupper recovery hopes?Growth plans are too long termFrance won't stay in the lead for longGreece on the brink, yet againCompact agreed, but economies divergeCould Germany yet save the euro?Greek debt deal won’t eliminate break-up risksSome glimmers of hopeSpring bond redemptions may prove pivotal
Crunch year for the euro-zoneBanks unlikely to ride to their governments’ rescueECB’s silver bullet turns out to be a blankMarkets gamble on the ECBBreak-up worries finally hitting the euroBreak-up fears pile pressure on the coreItaly on the road to defaultPapandreou shatters the illusionPolicymakers fail to get aheadCrunch time, again
Are policymakers about to take decisive action?Banks’ capital needs could be greater than fearedNo closer to resolving the crisisCore policymakers resisting calls for decisive actionHeading for another recessionCore and periphery still at loggerheadsIs the euro-zone heading back into recession?Collateral squabble casts doubt on Greek bail-outPolicymakers still unwilling to pull out all the stopsFrench fears deepen crisis
Italy’s debt dynamics worsenSlowdown spreads to GermanyBack from the brink, for nowStill fiddling while Rome starts to burnA reality check for PortugalGreek plan won’t end the periphery’s problemsGreece edging closer to a second bail-outGreece teetering on the edgeVoluntary is the key "v-word" nowGreek bond plan faces big hurdles
Recovery past the peakNo "soft" options for GreeceStrong surface hides widening cracksWill the Portuguese bail-out work?Greek default worries deepenWill the euro ever fall?Debt restructuring fears growECB takes the lead, for nowInflation worries will ease in timeDefault worries set to deepen
Will the ECB shy away from an April rate hike?Political hurdles threaten grand planECB raises the stakesWill the German revival save the periphery?Modest revival continues, but peripheral concerns remainA weak end to 2010The Grand Bargain - bazooka or popgun?ECB & rising euro pose new threatsEFSF plans won't solve the crisisEFSF plans won't solve the crisis
ECB boxes with shadowsRise in euro-zone inflation to prove short-livedAnother tough year aheadEuropean policymakers still doing the bare minimumStill no light at the end of the tunnel for the peripheryECB actions speak louder than words, but for how long?German growth amid peripheral perilWhat will an Irish bailout package look like?Recovery slowing as peripheral woes deepenIs the euro defying gravity?
Industrial recovery still going strong for nowStill battling to achieve fiscal stabilityECB sitting stubbornly on the sidelinesHow much will the strong euro hurt?Ireland: Closure or Calamity?Markets' concerns about the periphery spiral higherWage pressures to remain subduedBanking worries continue to weigh on the peripheryIMF too sanguine about the risk of a sovereign defaultYield spreads to remain elevated
Export recovery to slow before longStrong growth for now, but deflation risk remainsIs there any hope for euro-zone consumers?Peripheral concerns still centralStress tests are no silver bulletIndustrial divergences likely to growECB to support banks as stress tests bring little comfortBanking strains won’t ease soonEuro-zone divergences wideningEuro’s decline to resume before long
Recovery continues, but fiscal squeeze loomsEuro-zone banks back in the spotlightMarkets' gloom could soon hit households and firmsWeaker euro unlikely to solve the region’s woesEuro heading for parityContagion concerns will surely deepenGreece takes a step back from the brinkRecovery continues, but medium-term worries growShow us the money!Modest industrial recovery on track
Pick-up in euro-zone inflation unlikely to lastEuro to fall further as growth prospects weakenFew signs of hope for the euro-zone’s peripheryIs the Greek crisis really over?Labour market prospects still weakAre things really as bad as they look?Weaker euro to offer exporters little respiteIs the recovery over before it’s begun?The spotlight turns on Portugal and SpainConsumer outlook still cloudy
Euro-zone escapes inflation fearsEuro support fadingNew Year challenges for the euro-zoneWhen will the labour market start to recover?Will the troubles in Greece spread?Low inflation to keep ECB rates on holdA cautionary note on GermanyFalling profit margins pose a threat to the recoverySteady but unspectacularEC forecasts underline fiscal pressures
Foundations in place for a consumer upturnBanks still reliant on ECB liquidity provisionEuro-zone on track to exit recession in Q3Are the ECB’s euro worries well founded?Further fiscal support in Germany and FranceService sector to lead the economy out of recessionDeflation risk is greater than the ECB claimsIndustrial divergences set to persistDeflation dangers lingerGerman consumer upturn set to fade
Asian recovery unlikely to prompt a surge in exportsStill too soon to talk of a sustained recoveryEuro may be nearing a peakAre euro-zone consumers finally coming good?How severe is the German credit crunch?ECB still resisting QEIndustrial recovery still a little way offECB’s ‘wait and see’ stance may not last for too longFiscal policy to remain supportive, for nowConsumers hit by weakening labour market