Jan 2012 - European Economy KPIs

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Created on Tuesday, 21 February 2012 22:48

• The ECB cut rates for a second time at its December meeting, and announced unlimited 3-year liquidity support for banks.
• In Greece, the new coalition the government appears to have made little effort to adhere to its IMF/EU program while it has been negotiating with its creditors. With elections looming, the political environment will be one to watch in coming months.
• Overall Q4 Eurozone growth is flat, although a clear contrast between the core and the periphery, with core inflation is levelling off at moderate rates.