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German industrial output bounced back in January on strong construction and manufacturing output, bolstering hopes it will miss recession
Vultures swoop on Argentina – MacroScope http://t.co/geALQsLB
My week on twitter: 12 retweets received, 2 new listings, 7 new followers, 6 mentions. Via: http://t.co/v0JjpYVN
Irish PM says country will hold referendum on EU fiscal treaty
via MacroScope
Yet more lagging from Italy and Greece
At this stage in the euro zone crisis, we probably don’t need to be reminded how uncompetitive the peripheral economies are. (Arguably, of course, they would not be economically peripheral if they were more competitive, but that is for tautologists to debate). The United Nations, in the form of UNCTAD, has just pinpointed another weakness, however — huge underperformance in foreign directed investing, or FDI.
The numbers it has just released only go as far as 2010, so the real crisis cauldron has yet to come. But they show that Greece and Italy have been punching way below their weight.
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German top court says parliament committee set up to pprove urgent action by euro zone bailout fund “in large part” unconstitutional,
ECB says national central banks can provide liquidity using “emergency liquidity assistance” – should keep Greek and Cypriot banks funded
European Central Bank temporarily suspending eligibility of Greek bonds for use as collateral in funding operations
via MacroScope
Why Germany doesn’t want euro zone bonds
Ever wanted to know why Germany is not keen on single euro zone bonds? Look no further:
What would a joint euro bond yield? http://t.co/2pQ7pxyP
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