| US GDP rises 2.8% in Q4; final sales up only 0.8%; inflation tumbles; Core PCE up 1.1%, down from 2.0%ECB’s Draghi: Europe has avoided credit crisis thanks to LTROUniversity of Michigan consumer sentiment rises to 75 final in January from 74.0 prelimNY Fed’s Dudley: Unemployment unacceptably high, inflation seen deceleratingBOE’s Miles: QE not a done deal for February; will hinge on forecasts; sees inflation falling, spare capacity to stay highECB’s Nowotny sees similar demand for second 3-year LTRO as the first (EUR 480 bln)Greek FinMin: Only one step left to complete debt swap but second bailout negotiations toughSome G20 countries warming to idea of more funding for euro zone...Read » |
- Aims to complete second bailout negotiation with EU/IMF by middle of next week at latest
- Greece will not default...Read »
|
Ireland was affirmed at BBB+ with a negative outlook. Belgium cut to AA from AA+. Italy two notches to A- from A+. Spain cut two notches to A from AA-...Read » |
|
Written by Joe BrownJanuary 27, 2012 at 11:24 GMT - Must recognise the need for stimulus in Europe
- If Greece defaults “its not the end of the world”
- Not enough done to ringfence the rest of Europe
- Italy is on a different course, has introduced much needed reforms...Read »
|
