Europe Economics Update Greece's problems still mounting Reports that Greece’s 2010 budget deficit is likely to have narrowed much less sharply than the Government had previously predicted emphasise that its problems are far from over. Greece will now come... 10th November 2010 · 1 min read
Europe Economics Weekly ECB sitting stubbornly on the sidelines The latest speech by Governing Council member Axel Weber has highlighted the growing divergence between the ECB and more pro-active central banks elsewhere. We hope that the Bank might yet take bolder... 18th October 2010 · 1 min read
Europe Economics Update Greek Budget still leaves plenty to do The fact that the Greek Government has announced that it expects to reduce its budget deficit by more than the IMF and EC have demanded in 2010 and 2011 is an indication of the great strides that it... 4th October 2010 · 1 min read
Europe Data Response German Ifo Survey (Sep.) September’s small rise in the German Ifo brings hope that the euro-zone’s largest economy is faring very well for now. But with export growth already slowing, we expect the index to follow the PMI... 24th September 2010 · 1 min read
Europe Economics Update Greece's fiscal headwinds gather strength With Greece likely to receive its second tranche of loans from the euro-zone and IMF next week, the Government will be able to meet its financing needs for the next few months. But Q2’s dreadful GDP... 8th September 2010 · 1 min read
Europe Economics Update Greek fiscal squeeze taking its toll on the economy Recent news has confirmed that the Greek central government is meeting its ambitious deficit reduction goals, adding to evidence that it will receive its second tranche of euro-zone and IMF funds in... 12th August 2010 · 1 min read
Europe Commercial Property Update Latest rise in Greek property yields is unlikely to be the last The fact that rises in Greek property yields have accelerated recently highlights the increasing perception of investment risk associated with the country. And with fears of a government default... 22nd July 2010 · 1 min read
Europe Economics Update Greece still heavily reliant on its bailout facility On the face of it, today’s Greek treasury bill auction, the first since April’s bailout package was activated, provides some reassurance that markets’ confidence may be gradually returning. But Greece... 13th July 2010 · 1 min read
Europe Data Response German ZEW (Jun.), E-Z Trade (Apr.) & Employment (Q1) June’s drop in German ZEW investor confidence is a worrying sign that fears about peripheral debt are damaging sentiment towards core euro-zone economies too. 15th June 2010 · 1 min read
Europe Economics Focus Greece: From crisis to tragedy – and then salvation? The joint EU/IMF support packages may have provided Greece with some breathing space but it will not prevent years of economic hardship. Whatever its actions, the Government has no choice but to... 27th 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
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 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
