Europe Data Response German Industrial Production & French Trade (Mar.) March’s surge in German industrial production confirms that the euro-zone’s largest economy is shaking off troubles in the periphery for now. But weather-related weakness earlier this year suggests... 7th May 2010 · 1 min read
Europe Economics Update ECB trying to provide reassurance The ECB is trying to inject calm amid the fiscal turmoil, maintaining a dovish stance after leaving interest rates at 1%. Some might have been disappointed that there were no hints of further... 6th May 2010 · 1 min read
Europe Economics Update Will the ECB be forced to adopt QE? With the impending bailout failing to reduce Greek bond yields and concerns spreading to other peripheral economies, some have suggested that the ECB might yet step in and buy government bonds itself... 6th May 2010 · 1 min read
Europe Economics Update Can Italy stay beneath the markets’ radar? Despite having the highest level of government debt in the euro-zone, Italy has so far been largely untouched by the growing contagion effects of the Greek fiscal crisis. But there is no room for... 6th May 2010 · 1 min read
Europe Chart Pack Recovery defies fiscal crisis… for now The euro-zone’s fiscal crisis has clearly intensified, with Greek bond yields remaining extremely high despite the agreed bailout and concerns spreading to other peripheral economies. But the recovery... 5th May 2010 · 1 min read
Europe Economics Update Greece - crisis averted, for now at least With the joint euro-zone/IMF fiscal lifeline increasingly likely to be in place in a matter of days, the possibility of a near-term Greek funding crisis has been greatly reduced. But with government... 4th May 2010 · 1 min read
Europe Economics Weekly Greece takes a step back from the brink With signs that Europe is perhaps finally getting its act together and is close to finalising a bailout package, the chances of a near term Greek Government default have greatly diminished. While... 3rd May 2010 · 1 min read
Europe Economics Focus Greek default – The whys and wherefores Continued uncertainties about the proposed rescue package for Greece, coupled with the exceptionally grim medium-term outlook for the economy and public finances, point to a significant risk of some... 30th April 2010 · 1 min read
Europe Data Response Euro-zone Flash CPI (Apr.) & Unemployment (Mar.) The euro-zone CPI and unemployment figures add to the view that the region is set for a prolonged period of weak price pressures. 30th April 2010 · 1 min read
ECB Watch Greek turmoil adds to ECB caution Any earlier suspicions that ECB interest rate hikes might have been on the horizon have surely been blown away by the Greek crisis. For now, the recovery in the broader euro-zone economy seems to have... 29th April 2010 · 1 min read
Europe Commercial Property Update RICS survey highlights fragility of Western European occupier markets Today’s Q1 2010 RICS global commercial property survey broadly supports our view that the weak occupier market outlook will drive capital values at least a little lower this year in most Western... 29th April 2010 · 1 min read
Europe Data Response Euro-zone EC Survey & German Unemployment (Apr.) April’s improvement in the EC business and consumer survey suggests that, for the time being at least, the euro-zone’s fiscal crisis is not preventing a recovery in the broader economy. 29th April 2010 · 1 min read
UK Economics Update Greek woes underline need for clear fiscal plan The rapid escalation of the Greek fiscal crisis has prompted inevitable questions over whether the UK faces similar dangers. So far, UK markets are probably right to have been sanguine. But that might... 29th April 2010 · 1 min read
Europe Economics Update Does Greece really have a silver lining? Recent falls in the euro and euro-zone bond yields, coupled with stronger economic data from the core economies, has led to suggestions that the Greek crisis might have a silver lining. But we find it... 28th April 2010 · 1 min read
Europe Economics Focus Will the euro-zone survive? The euro-zone should stay together for another few years at least. But the region’s periphery requires an excruciating competitive adjustment that might well plunge it into depression. Meanwhile... 28th April 2010 · 1 min read
Europe Economics Update Is Greece the next Lehmans? The crisis in Greece could pose as big a risk to the global economy and financial markets as the collapse of Lehman Brothers did in September 2008. In some respects the wider fall-out might even be... 28th April 2010 · 1 min read
