Home>PIMCO Cyclical Outlook for Europe: Policy Developments Will Shape Growth Prospects and Risks in 2013
PIMCO Cyclical Outlook for Europe: Policy Developments Will Shape Growth Prospects and Risks in 2013
Perspectives Content Submission
Fri, 28 Dec 2012
Policy developments – in particular, the European Central Bank’s acceptance of its role as a lender of last resort – have helped to normalize European financial markets but been insufficient to promote decent growth. Eurozone leaders recently laid out a long-term roadmap to achieve stability, but t…
Several European banks have proved their mettle amid the continent's financial turmoil and are well-positioned forlong -run growth, says Janus Overseas manager Brent Lynn.
Headlines this week revealed a new nomination but an old hat at the Treasury, a new direction for an old-line grocer, and same-old, same-old at the ECB -- for now, anyway.
The EuropeanCentralBank has helped soothe short-term sovereign debt worries in Europe , but long -term competiveness must be improved for the crisis to fully fade away, says Morningstar's Dave Sekera.
Morningstar Spain's Fernando Luque explains the reaction in Madrid to news of a bank bailout, further problems facing European governments, and a potential outcome for the eurozone.