Europe Economics Update Euro-zone Fiscal Monitor (Mar.) Italy and Spain missed their 2012 deficit targets by a small margin and timelier data point to further likely slippage in the initial stages of this year. 27th March 2013 · 1 min read
Europe Economic Outlook Euro-zone recession to deepen in 2013 While the lull in the euro-zone debt crisis has continued in recent months, the news on the region’s economy has remained distinctly downbeat. Despite some improvement towards the end of last year... 9th January 2013 · 1 min read
Europe Economics Update How long will the Greek relief last? The news that Greece will get its next and long-awaited bail-out loan payment within days will provide Greek and euro-zone policymakers with a bit of breathing space. But we doubt that this will bring... 13th December 2012 · 1 min read
Europe Economics Update Debt buyback won't transform Greece's fiscal outlook While early signs indicate that Greece’s debt buyback will be a success, it will not bring an end to the country’s fiscal crisis. 4th December 2012 · 1 min read
Europe Economics Focus How would exiting countries fare outside the euro-zone? Contrary to some suggestions, there are good reasons to think that, beyond the initial economic andfinancial disruption caused by an exit from the euro-zone, most of the current peripheral... 3rd December 2012 · 1 min read
Europe Economics Focus How the core should respond to a euro break-up Sharp appreciations in the euro-zone’s core countries would threaten to damage their exports and GDP in the event of a euro-zone break-up. But there are various policies that could be implemented to... 29th November 2012 · 1 min read
Europe Economics Update Greek deal delays the day of reckoning Euro-zone policymakers have found a bit more money down the back of the sofa to buy another sticking plaster for Greece. But the relatively easy options are running out fast. 27th November 2012 · 1 min read
Europe Data Response Euro-zone Ind. Prod. (Sep.) & Greek & Portuguese GDP (Q3) September’s plunge in euro-zone industrial production and the weak Greek and Portuguese Q3 GDP data provided additional firm evidence that the region’s economic problems continue to mount. 14th November 2012 · 1 min read
Europe Economics Update How will Greece's extra financing needs be met? We suspect that policymakers may find a way to meet the estimated increase in Greece’s borrowing needs for the remainder of its bail-out deal without providing bigger loans. But if the economic... 13th November 2012 · 1 min read
Europe Economics Update What's next for Greece? The passing of the omnibus bill by Parliament last night means that Greece has taken a decisive step towards gaining the next loan tranche of its latest bail-out. But although this has reduced the... 8th November 2012 · 1 min read
Europe Economics Update Crunch time looms for Greece Over the next couple of crucial weeks, we suspect that Greek and euro-zone policymakers will hatch a deal to prevent, at least temporarily, the collapse of Greece’s rescue package. But as always... 1st November 2012 · 1 min read
Europe Economic Outlook A lull in the storm Expectations of stronger policy support from the European Central Bank have prompted a period of relative calm in the euro-zone. But previous lulls have not lasted for very long. There are still few... 16th October 2012 · 1 min read
Europe Economics Update Is Greek industry really recovering? Greek industry has recently staged a bit of a revival, but we doubt that the upturn will be sustained. And even if it is, the wider economy may remain in recession. 15th October 2012 · 1 min read
Europe Economics Focus Could Greece take advantage of a return to the drachma? The view of some commentators that a return to the drachma would be of little benefit to Greece because “it does not export much” is wide of the mark. Not only would an exit and devaluation improve... 8th October 2012 · 1 min read
Europe Commercial Property Update Just how weak are Greek property markets? Details surrounding last week’s privatisation deal involving the International Broadcasting Centre in Athens suggest that the Greek commercial property market may be even weaker than agency figures... 3rd October 2012 · 1 min read
Europe Economics Update Budget marks a small step forward for Greece By announcing fiscal measures to generate the €13.5bn of savings demanded by the Troika, the Greek Government has moved a step closer to gaining the next loan instalment from its bail-out package. But... 1st October 2012 · 1 min read
