Europe Economics Update Greece's second bail-out deal far from being concluded The dispute over the provision of collateral by Greece to some euro-zone economies in return for a second bail-out, coupled with the private sector’s reluctance to take part in a debt exchange, may... 23rd August 2011 · 1 min read
Europe Data Response Euro-zone Industrial Prod. (Jun.) & French & Greek GDP (Q2) June’s euro-zone industrial production data and Q2’s French GDP figures provide further strong indications that economic growth in the region as a whole slowed sharply in Q2. 13th August 2011 · 1 min read
Europe Commercial Property Outlook Europe’s fiscal crisis will dent the occupier market recovery The weakening economic outlook for the euro-zone economy is likely to act as a brake on the recovery in commercial property markets over the next year or two. Rental value growth will moderate in most... 5th August 2011 · 1 min read
Europe Economics Update Can the new rescue package solve Greece’s problems? The new details on the second rescue package for Greece that have emerged over the past week or so have not altered our view that Greece’s outstanding debt burden remains unsustainably high. A second... 2nd August 2011 · 1 min read
Europe Economic Outlook Crisis deepens as slowdown spreads to the core The latest rescue package for Greece has reduced the threat of a near-term catastrophe in the eurozone.But it does not address the fundamental problems facing Greece itself and is unlikely to bring an... 27th July 2011 · 1 min read
Europe Economics Update Greece needs much more than a bank levy News that a bank levy may be used to help fund Greece’s second rescue package suggests that eurozone policymakers are more concerned about appeasing taxpayers than adopting bold and decisive measures... 21st July 2011 · 1 min read
Europe Economics Update Last chance saloon for euro-zone policymakers? This week’s crucial summit could provide the last chance for euro-zone policymakers to get a grip on the region’s debt crisis. Anything other than a very decisive response which could be applied not... 20th July 2011 · 1 min read
Europe Economics Update The beginning of the end for the euro? The continued failure of European policymakers to agree on a new package to support Greece and the growing signs that larger economies like Spain and Italy are being dragged further into the crisis... 13th July 2011 · 1 min read
Europe Economics Weekly A reality check for Portugal Last week’s move by credit rating agency Moody’s to cut Portugal’s rating to below investment grade was a stark reminder that default concerns are not confined to Greece. While the move was fiercely... 12th July 2011 · 1 min read
Europe Economics Update Greek disaster averted, for now at least The fact that the Greek parliament has passed the Government’s medium-term fiscal plan clearly reduces the chances of a near-term disaster, but the country remains in a precarious position. 30th June 2011 · 1 min read
Europe Economics Update Bank roll-over plan a small step forward for Greece The French plan for banks to roll over a significant chunk of their maturing Greek government debt could significantly reduce Greece’s near-term funding pressures. But we doubt that the roll-over plan... 29th June 2011 · 1 min read
Europe Economics Update Greece on the brink Crunch time appears to be rapidly approaching for Greece. While an additional bail-out package may stave off near-term disaster, a major debt restructuring seems inevitable at some point and Greece’s... 17th June 2011 · 1 min read
Europe Economics Update Where would a second bail-out leave Greece? European policymakers will hope that a second bail-out package will provide Greece with more time to show that its fiscal and structural reforms are working. But we are far from convinced and still... 15th June 2011 · 1 min read
Europe Economics Update ECB signals July rate hike & stands firm on Greek default ECB President Jean-Claude Trichet struck a hard line on the euro-zone’s debt crisis today by both signalling an interest rate hike in July and again ruling out a debt restructuring for Greece. But on... 10th June 2011 · 1 min read
Europe Economics Update ECB trying to hold back the tide The European Central Bank’s continued opposition to any form of sovereign debt restructuring in the euro-zone remains a major short-term obstacle to plans for a Greek debt “rollover”. But the ECB... 8th June 2011 · 1 min read
Europe Economics Weekly Greek bond plan faces big hurdles Last week’s news of proposals for a voluntary “rollover” of Greek debt brought some hope that the policy impasse over the crisis may soon be over. Crucially, there were signs that the ECB − until now... 6th June 2011 · 1 min read
