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
Europe Data Response German CPI (1st Est. Apr.) The latest German inflation figures show that, while the economy may be performing much better than the euro-zone’s periphery, core price pressures even there are firmly downward. 28th April 2010 · 1 min read
Europe Commercial Property Update Tight credit conditions keep the brakes on the property recovery This morning’s ECB bank lending survey suggests that credit conditions for business and household lending in the euro-zone remained tight in Q1 2010. With expectations for Q2 much the same, this will... 28th April 2010 · 1 min read
Emerging Europe Economics Update Assessing the contagion risks from Greece Financial markets across the region have been hit by the latest developments in Greece, but contagion risks are greatest in Bulgaria, Romania and Hungary. 28th April 2010 · 1 min read
Europe Economics Update Greece still dangling from a precipice With considerable uncertainties over when the joint IMF/euro-zone rescue package for Greece will be implemented, Greece is still dangling from a precipice. If Europe is to pull Greece back up it will... 27th April 2010 · 1 min read
Europe Economic Outlook Fiscal crisis casts an ever longer shadow (Q2 2010) The European economy has shown further signs of recovery in response to the continued improvement in global economic and trade conditions. But the fiscal crisis in the euro-zone’s peripheral economies... 27th April 2010 · 1 min read
Europe Economics Weekly Recovery continues, but medium-term worries grow Last week’s euro-zone data will have added to hopes that the recovery resumed at the start of this year, following Q4’s stagnation. But concerns about the region’s medium-term prospects remain, with... 26th April 2010 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Apr.) April’s increase in the euro-zone composite PMI provides further hope that the recovery is regaining momentum. But with few signs from the hard data that the region’s heavy reliance on external demand... 22nd April 2010 · 1 min read
Europe Commercial Property Update Easing credit availability supporting Norwegian investment recovery Q1’s easing of credit conditions for commercial real estate in Norway will continue to support the nascent property investment market recovery. The recovery in yields is well underway, but we think... 22nd April 2010 · 1 min read
Europe Economics Update Greece on a knife edge Greece is in the midst of another hellish week and now faces no choice but to seek to formally activate the European rescue package. While this may help to ease the markets’ frazzled nerves, the... 22nd April 2010 · 1 min read
Europe Commercial Property Update Resilience of Dutch retail rents unlikely to last The fading recovery in consumer confidence highlights the fact that retail occupier demand in the Netherlands is likely to remain pretty fragile. And with property-specific supports to headline rental... 21st April 2010 · 1 min read
Europe Data Response German ZEW Survey (Apr.) April’s sharp rise in German ZEW investor sentiment provides some hope that the recovery has not ground to a complete halt after the economy’s poor start to the year. 20th April 2010 · 1 min read
