January 5, 2015 | Daily JAM, Morning Briefing, Short Term |
In the past the financial markets in Europe have been willing to rally just on a promise from ECB President Mario Draghi to do “whatever it takes.” This time, the doubters are saying, even actual action might not be enough to turn the EuroZone economy around.
November 5, 2013 | Daily JAM, Morning Briefing |
The European Commission today cut its forecast for 2014 growth in the EuroZone, but still no one is expecting that the European Central Bank will cut interest rates to stimulate the economy at its Thursday meeting. That depressed European stock markets today.
October 31, 2013 | Uncategorized |
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September 19, 2013 | Daily JAM, Morning Briefing |
Post-election Greece looks like it’s going to need either a small bridge loan or a big bridge loan and debt reduction in late 2013 or early 2014. Portugal looms as an even bigger problem with the country needing to raise $15.8 billion euros ($21.4 billion)–meaning that Portugal will almost certainty need a second full bailout program at the end of 2013 or in early 2014.
October 1, 2012 | Daily JAM, Morning Briefing, Short Term |
More evidence—in case you needed it—that Europe has slipped back into recession in the third quarter. And the newest economic danger zone is named France. In September Europe’s manufacturing sector suffered its worst decline since 2009, according to the Markit Economics purchasing managers index released this morning