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Europe Day Ahead: Banking union to top "Merkande" agenda

Wednesday, May 29, 2013 - 02:29

Hollande and Merkel meet to discuss the thorny issue of banking union. Also tomorrow: Italy sells bonds, revised Spanish GDP, euro zone consumer and business sentiment expected to rise. Yes, rise.

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I'm boost for the eurozone -- twin engine. French president wants while longer and German Chancellor Angela Merkel but so into the contentious issue of banking union ahead of -- -- EU summit. Along the medical meet tomorrow and promise along promising to push for an agency with a pilot to point out insolvent banks. -- Germany remains -- saying the plans would require a TTV rights. You know his own confidence states I would tomorrow business economic industrial services on consumer sentiment all expected to improve slightly in May from last month. This may be a surprise to some given the gloomy growth unemployment -- across the region. ETX capitals he shut CDK says the ECB should and will. Do more to -- the eurozone out of the -- If the eurozone crisis is fighting fighting so it's -- -- -- that the corners -- -- I think the ECB for that reason is concerned continued. Very. Aggressive easing. -- font size I expect to further rate cut. Coming in the in the in the in the in the months ahead. Possibly play in July of -- -- -- cut and PCBs also consider the idea of but letting had -- of -- to post disposable rate slipped to negative centuries. Meanwhile we get the second meeting on Q1 spine and she GDP. No change expects its meaning the economy shrank by half of 1% on the quarter of 2% you know India. OECD saying today that recession in Spain will continue that economy will shrink by one point 7% this year. We CD sixty general until Gaudio says that Griffey needs to stick to his debt targets even if it takes an extra two years for them to reach it. Don't lose your target. May -- -- date one year maybe a big two years more to get there. Just don't lose it target continued to signal to the markets that you're still wanna get to the same but but if the external circumstances change. Then you have to adjusted otherwise you would be submitting yourself to a downward spiral. Italy holds its third -- -- of the week tomorrow that we CDC's Italy returning to modest growth by 2014. Helped by falling borrowing costs but today's bill sale -- rise to the highest since much a strong US economic data. Rekindled investor concerns the feds could soon scaled back stimulus. That's a look ahead to Thursday I'm seemingly gave up the central to.

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Europe Day Ahead: Banking union to top "Merkande" agenda

Wednesday, May 29, 2013 - 02:29