Lorenzo Codogno
Lorenzo Codogno
additional backing early economy euro might provide recovering small support therefore zone
This could provide a small additional backing to the idea that the euro zone economy is recovering and therefore might support an early hike,
christmas committee context cushion decline economy evidence monetary policy sales wage waiting
The monetary policy committee is still waiting for evidence on Christmas (retail) sales and wage negotiations. Then it will cushion the decline in the economy in a context of CPI (inflation) moderation.
economy euro european harder main quicker reason rebound sharp
The main reason for the euro rebound is the sharp slowdown in the U.S. economy, ... The European economy is slowing, but the deceleration is going to be much quicker and harder in the U.S.
bad becoming conditions few main message recovery
The main message here is that the recovery is becoming more fragmented. (But) we should not be misled by a few bad numbers. The conditions are in place for some recovery in the first part of this year.
balanced both claim clearly debate sides sure time winner
It was much more balanced than the first debate which Berlusconi clearly lost. This time I think there was no clear winner and I'm sure both sides will claim victory.
certainly growth high inflation slower somewhat worst
The combination of high inflation and somewhat slower growth is certainly the worst thing for the euro,
likely trend underlying
The underlying trend is encouraging and will likely continue.