Many commentators have today written about how the rate of decline in the Eurozone has accelerated, with activity in manufacturing, services & output data all reaching 3 or 4 month lows. However, few are singling out France which is now in a steepening decline not seen since the peak of the 2009 crash. Its economic […]
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Tag Archives: eurozone
Eurozone PMI vs GDP (Q3 2012)
November 22, 2012 
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The Markit “Purchase Managers Index” figures have proven to be very accurate indicators of how various major economies are performing, giving insight into whether we can expect expansion or contraction. The latest composite Eurozone figures are somewhat depressing, but may indicate that any recession the EZ may enter will be fairly shallow and *may* have […]
Continue readingWhat Doesn’t Kill the Euro …
December 3, 2011 0 Comments
… might make it stronger?! Many are predicting the death of the Euro. Many ‘experts’ say it is impossible for the 17 member nations to agree anything in time to save the single currency and avoid the catastrophic knock-on consequences for the Euro region and the World. I’m always an optimist, but just can’t agree […]
Continue readingHow to Fix Greece
October 9, 2011 0 Comments
It occurred to me recently that there is a very simple solution to the Greek debt & subsequent Eurozone crisis which should have been tried before forcing a controlled default and recapitalising the EU banks (as is currently being discussed by EU leaders). It is now widely agreed that politicians in the Eurozone have been […]
Continue readingPortugal Bail-Out Coming
February 15, 2011 1 Comment
When it comes to sovereign debt in developed countries, the magic number is 7. If a country’s 10-year sovereign bonds fall so much that they yield in excess of 7%, it is usually considered unsustainable. In January, the Eurozone breathed a sign of relief as Portugal managed to conclude a debt auction at 6.77% … […]
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Alistair Milne 
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