Global Economics Update Kicking the Cannes down the road As expected, the G20 summit concluded today without agreeing anything of substance. Euro-zone leaders were effectively told to get their own house in order, something they have conspicuously failed to... 4th November 2011 · 1 min read
Europe Commercial Property Update Is the drop in occupier market sentiment a sign of things to come? The weakening in sentiment towards European property markets revealed in the latest RICS survey is unlikely to be temporary. To our minds, if anything, it highlights the downside risks to consensus... 4th November 2011 · 1 min read
Europe Economics Update Draghi makes a dovish start, but won’t up bond purchases The ECB’s decision to cut interest rates by 25 basis points to 1.25% suggests that it is starting to acknowledge the effects of the region’s debt crisis on the wider economy. But, for now at least... 3rd November 2011 · 1 min read
Europe Economics Update Greek referendum episode has let the cat out of the bag However the Greek referendum episode is ultimately concluded, the fact that euro-zone leaders have for the first time openly acknowledged that a country can leave the single currency is a potentially... 3rd November 2011 · 1 min read
Europe Economics Update What next for Greece? The chances of Greece holding a referendum appear to be diminishing and a general election seems likely before long, even if the Government wins Friday’s confidence vote. But whatever the precise... 3rd November 2011 · 1 min read
Europe Economic Outlook Deepening crisis to prompt widespread recession The euro-zone debt crisis is having a severely damaging impact on the European macro-economy. Not only are the troubled peripheral economies set to remain deep in recession, but growth prospects have... 3rd November 2011 · 1 min read
Europe Economics Update Greek referendum throws whole rescue plan into doubt The Greek government’s surprise decision to hold a referendum on the latest euro-zone rescue package has clearly increased the risks of a bigger and disorderly default on Greek debt and, ultimately... 1st November 2011 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Oct.) Further signs that some of the region’s most troubled economies are struggling to meet their budget deficit goals, coupled with growing evidence that the euro-zone is entering a new recession... 31st October 2011 · 1 min read
Europe Data Response Euro-zone Flash CPI & Unemployment (Oct./Sep.) The latest euro-zone inflation and unemployment data might leave the hawks at the ECB still concerned about underlying price pressures. 31st October 2011 · 1 min read
Europe Economics Weekly Policymakers fail to get ahead The plans agreed at last week’s EU summit look like another example of policymakers sprinting to catch up with events, but failing to get decisively ahead. We are not suggesting that the positive... 31st October 2011 · 1 min read
Global Markets Update Chinese whispers alone won't save the euro Despite yet another round of speculation suggesting that China is about to ride to the rescue of the euro-zone, Europe will still have to solve its own problems. Meaningful Chinese support would... 29th October 2011 · 1 min read
ECB Watch No rate cut yet, but more bond buying While the news on the euro-zone economy points strongly to the need for more policy support, there have been few hints that the ECB is intending to cut interest rates at its November meeting. However... 28th October 2011 · 1 min read
Europe Data Response Euro-zone EC Survey (Oct.) October’s fall in the EC measure of business and consumer sentiment adds to the evidence that the recovery is well and truly over and that the region is suffering from far more than a fiscal crisis. 28th October 2011 · 1 min read
Europe Economics Update Euro-zone plans more peashooter than bazooka The plans announced by euro-zone policymakers overnight look more like a peashooter than the “bazooka” previously promised to tackle the region’s problems. We have not altered our view that the crisis... 28th October 2011 · 1 min read
Europe Commercial Property Focus Office development tax hike adds downside risk to Paris rental outlook This year’s changes to property taxation in Ile de France could result in a larger proportion of the potential office development pipeline being delivered to the market than otherwise might be... 28th October 2011 · 1 min read
Global Economics Update How damaging will a Greek default be? The immediate fall-out from a Greek default should be manageable and much less damaging than that which followed the collapse of Lehmans, even if it does count as a “credit event”. However, this... 26th October 2011 · 1 min read
