Europe Economics Weekly Plan B won't end Cyprus's problems While the successful formulation of a new plan to avoid bankruptcy in Cyprus remains in the balance, it looks likely that some form of package will be put together in order to ensure the continued... 25th March 2013 · 1 min read
Europe Data Response German Ifo Survey (Mar.) March’s fall in the German Ifo business climate indicator is another sign that the recovery in the euro-zone seen over the past six months or so might already be running out of steam. 22nd March 2013 · 1 min read
Europe Data Response Ireland GDP (Q4) While Ireland impressively matched Germany’s economic expansion in 2012, the recent slowdown in the quarterly path of GDP is a reminder that the country still faces major challenges. 21st March 2013 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Mar.) The fall in the composite euro-zone PMI in March suggests that even before the recent uncertainty surrounding Cyprus’ future, the euro-zone economy had begun to contract more sharply. 21st March 2013 · 1 min read
Europe Economics Update What next for Cyprus? The Cypriot Parliament’s overwhelming rejection of the proposed levy on bank deposits adds to the uncertainty surrounding the future of Cyprus and increases the risk of the country eventually exiting... 20th March 2013 · 1 min read
Europe Commercial Property Update Where next for Italian property yields? Data for the final quarter of 2012 show that the upward trend in Italian office and retail property yields paused. Yet both the current political impasse and the poor outlook for occupier demand... 20th March 2013 · 1 min read
Europe Data Response German ZEW Survey (Mar.) & Italian Industrial Prod. (Jan.) March’s small rise in the German ZEW index left it at a high level. But as fears for Italy and Cyprus hit sentiment in future, we doubt that Germany’s recovery will be as strong as the survey now... 19th March 2013 · 1 min read
Europe Commercial Property Update Restrained development to limit rises in office vacancy rates... mostly In most European office markets, development pipelines have changed by little over the past year and have thus remained small. That should ensure that new supply this year does not unduly exacerbate... 19th March 2013 · 1 min read
Global Markets Update Will there be more contagion from the crisis in Cyprus? The negative reaction in Europe’s financial markets to the decision to "bail in" depositors in Cyprus has been fairly muted so far. Admittedly, the euro fell below $1.30 against the dollar on Monday... 18th March 2013 · 1 min read
Global Markets Update What the Cyprus crisis means for the rest of the world A further escalation of the crisis in tiny Cyprus may have global implications well beyond the immediate market reactions today. It could influence the course of fiscal policy in the UK and monetary... 18th March 2013 · 1 min read
Europe Economics Update Is Cyprus really a special case? The plan to impose losses on Cypriot bank depositors has potentially serious implications for financial stability in the euro-zone as a whole. Cyprus is arguably a special case, but given remaining... 18th March 2013 · 1 min read
Europe Economics Weekly Germany likely to prevail in austerity debate Last week brought mixed news in the debate on growth versus austerity. On the one hand, EU leaders discussed and (to some extent) advocated growth policies at an EU summit. What’s more, the European... 18th March 2013 · 1 min read
Europe Data Response Euro-zone Final CPI (Feb.) & Labour Costs (Q4) The latest figures on consumer prices and labour costs in the euro-zone emphasised that the inflation outlook presents no obstacles to the provision of further policy support from the ECB. 15th March 2013 · 1 min read
Europe Economics Update Italian deadlock set to continue The opening of Parliament on Friday will do little to lift the political uncertainty in Italy. Accordingly, a prolonged period of policy deadlock looks likely to fuel concerns over the outlook for... 14th March 2013 · 1 min read
Europe Economics Update Norges Bank will continue to push back rate hikes The Norges Bank’s decision to leave the policy rate unchanged reflects the dilemma facing the Bank as a strong currency prevents it from hiking rates to stem a housing boom. These countervailing... 14th March 2013 · 1 min read
Europe Economics Update SNB ready to do more if deflation risks rise The Swiss National Bank pledged to maintain its extremely supportive policy stance today, keeping interest rates as close to zero as possible and defending its exchange rate ceiling. But even at the... 14th March 2013 · 1 min read
