“The crisis is back. It’s all about Cyprus today,” trader tells Reuters. Euro sinks. Bunds rally. Italian bonds fall. Gold at 2-1/2 week hi
Nous ou Mario? Hollande: “Chacun est bien conscient que nous avons réussi ces derniers mois à renforcer la stabilité de la zone euro”
Morgan Stanley on euro zone: In our bear case, social unrest spreads and leads to political procrastination and reform blockage
Elga Bartsch at Morgan Stanley cutting forecast for #eurozone GDP to -0.7 percent this year due to expected deterioration in #Italy #France
BERLIN (Reuters) – In a return to the national political stage, former German Chancellor Gerhard Schroeder criticised his successor Angela Merkel for failing to build on his welfare reforms and raising Berlin’s euro zone crisis bill by acting too slow and too late.
The 68-year old Schroeder, a Social Democrat (SPD), has kept a low profile since being beaten by Merkel in a tight election in 2005, giving the occasional interview but largely staying out of the national limelight.