FOCUS GREECE - Latest on the euro area sovereign debt crisis. Τhe crucial three months ahead (January 05, 2012)
FOCUS GREECE - Latest on the euro area sovereign debt crisis. Τhe crucial three months ahead (January 05, 2012)
Greece Focus Notes
05 Ιανουαρίου 2012
Part I – Latest on the euro area debt crisis and what to expect in the weeks ahead • Eurozone to boost IMF bailout funds by €150bn; Merkel, Sarkozy to meet in Berlin on January 9 • EZ periphery sovereign debt spreads kick off the New Year at elevated levels; euro area liquidity conditions remain tight, despite huge participation in ECB’s 3-year refinancing tender Part II – Focus Greece: latest macro and political developments • The crucial three months ahead • Overshooting risks to the 2011 deficit target