
Following 18 months of recession in Europe, the anticipated publishing of CPI and GDP data last week spurred hope that signs of change will finally unveil. The French GDP surprised for the betteron Wednesday, mostly due to a recovery of…
Cyprus Publishing the details of Cyprus bailout plan last week led to an increase at the financial markets risk premium. The increase seems to be fueled by Europe’s financial ministers decision that a substantial portion of the bailout plan will include…
Europe Data released in the past week were surprisingly good, but it is important to emphasize they still point to the recession prevailing in the European economy. The ECB cut its European economy growth forecast in 2013 to a level…