Posts Tagged ‘Eurozone’


Recent data from the US have suggested the world’s biggest economy is recovering. While this has enlivened financial markets in the past couple of months, the pace of recovery remains a cloudy issue. The UK economy is expected to return to growth in the third quarter; Germany is expected to have increased momentum; eurozone purchasing manager indices are expected to have shown some improvement.

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France and Italy are locked in a dispute over the future leadership of the European Central Bank that cast doubt over Friday’s planned confirmation of Mario Draghi as its president.
France is alarmed bec­ause Mr Draghi’s appointment to succeed Jean-Claude Trichet, a former French central bank governor, would mean Italy had two executives on the board – but France would have none. EU officials said France was unlikely to block the appointm

Source: http://www.ft.com/intl/cms/s/0/f7103bbc-9d08-11e0-8678-00144feabdc0.html#axzz1PwDBzkhq

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The economic expectations for Central and Eastern Europe including Turkey (CEE region) on a six-month time horizon have brighten up in February. The respective indicator has improved by 8.3 points to 24.5 points. The improvement of the economic expectations for the CEE region can be mainly ascribed to the positive outlook for the economies in Poland and Hungary. The evaluation of the current economic situation in the CEE region has again slightly declined in the current survey. The respective indicator has dropped by 1.6 points to 18.4 points.

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