STOCK markets wobbled, the euro fell and borrowing costs for Italy and Spain increased yesterday as weak business activity this month pushed the eurozone towards recession.
... FxPro economist Simon Smith added: “The relative calm that has emerged in the eurozone fiscal situation has been shattered.The relative calm that has emerged in the eurozone fiscal situation has been shattered.
“The data highlights the knife-edge that the eurozone is operating on, with even core countries struggling to grow at a sufficient pace to compensate for the ongoing recessions in several peripheral nations.” ING economist Peter Vanden Houte warned: “The debt crisis could come back with a vengeance.”Stay tuned...
No comments:
Post a Comment