Danske Bank
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Euro area: Ifo Current Conditions at New All-Time High
The Ifo current conditions continue to increase to a new all-time high. This is much better than feared following yesterday's disappointing PMI data. The German Ifo expectations index decreased...
FOMC Preview: Fed's Hands are tied
We expect the Fed to sound soft on growth but it may change its description of inflation to a more hawkish direction. The Fed's hands are tied for QE3 and will signal this in the press conference....
Greece: Debt Rollover - Credit Event or Not?
Private sector participation At the Eurogroup meeting on 19 June, finance ministers agreed that the second rescue package for Greece will be financed through both public and private sources and...
Euro area: Eurogroup Has Done its Part - Now it's Up to Greece
European Finance Ministers delivered by increasing the actual lending capacity of the EFSF and they removed the preferred creditor status for loans to countries that are already in a support...
Greece Update and Preview: a Solution Will be Reached
Merkel and Sarkozy stepped in to calm the markets today and reinforced the commitment to save Greece. We expect a solution to be reached over the coming weeks, at the very latest in mid-July. A new...