Europe Economics Update Is Portugal the next Greece? Recent suggestions that Portugal may be “the next Greece” overlook the fact that Portugal’s economic and fiscal position is fundamentally healthier. Still, this month’s budget may need to reveal... 12th January 2010 · 1 min read
Europe Economics Update Greek Government unlikely to meet its tougher fiscal plans The Greek Government’s pledge to reduce the budget deficit to 3% of GDP by 2012 appears to be encouraging news for markets. But the scale of the adjustment required suggests that the Government will... 6th January 2010 · 1 min read
Europe Economics Update Greece heads deeper into the mire The dramatic market reaction to the downgrade of Greece’s credit rating from A- to BBB+ by Fitch today partly reflected concerns that Greek banks may in the future be unable to use Government bonds as... 8th December 2009 · 1 min read
Europe Economics Update Greece’s fiscal mess spells bad news for growth prospects The recent news on the Greek public finances has been terrible and suggests that the Government faces a huge task to get its fiscal house in order. Eventually, we expect pressure from the European... 20th November 2009 · 1 min read
Europe Commercial Property Update Irish and Greek retail rental values hit hard by downturn In our most recent Euro-zone Commercial Property Analyst (Vol. No. 2/2009) we forecast that Greece and Ireland would experience the largest falls in retail rental values. The agents’ latest data... 24th September 2009 · 1 min read
Europe Economics Update Greece – don’t expect a robust recovery Greece has so far weathered the global economic downturn rather well. In fact, it is the only eurozone economy yet to have entered a technical recession. But next year, we still expect it to begin to... 18th August 2009 · 1 min read
Europe Commercial Property Update Euro-zone property: are we underestimating small country risk? Over the next two years, we expect the best performing euro-zone commercial property markets to be Greece, Finland and Portugal. All are forecast to deliver better total returns than core markets such... 19th December 2008 · 1 min read
Europe Economics Update Sun not about to set on Greece Recent news from Greece has provided some encouraging signs that it is escaping the economic slowdown which now appears to be engulfing the other Club-Med economies. 11th August 2008 · 1 min read
