ECB’s Stark: Second-half slowdown

July 11th, 2010 | Tags: , , ,
  • Slower growth ahead, but growth to continue
  • Do not expect major problems coming out of stress test
  • All advanced economies are in difficult situation; must consolidate fiscally
  • IMF has not caught up with reality–underestimates euro zone recovery

The ECB gab-fest continues with the chief economist weighing in. I love the shot at the IMF…

EUR/USD is at session lows after failing to sustain the break above downtrend resistance. Small stops lie below 1.2650 near-term. EUR/USD trades at 1.2658.

Leave a comment | Trackback

  1. lilac
    July 11th, 2010 at 17:45
    Reply | Quote | #1

    You know it’s serious when Zapadoodah offers Paul the portentious octopus a round the clock ‘armed’ guard ;)

  2. Jamie Coleman
    July 11th, 2010 at 17:47
    Reply | Quote | #2

    Stress test is done by bank examiners in each country…

  3. Jamie Coleman
    July 11th, 2010 at 18:06
    Reply | Quote | #3

    Just wait to LeBron James announces that he’s chosen Real Madrid!

  4. Steve
    July 11th, 2010 at 18:56
    Reply | Quote | #4

    Need to say Dennis its the only descent thing left in Europe and thats the TRUTH!

  5. Dennis
    July 11th, 2010 at 19:18
    Reply | Quote | #5

    JC, c’mon, what further proof of EU superiority is needed than all all European World Cup final?

  6. Iman
    July 11th, 2010 at 20:17
    Reply | Quote | #6

    Look! what’s happening with Cable? the consequence of a weak PPI?!

  7. Tibor
    July 11th, 2010 at 20:35
    Reply | Quote | #7

    Hi Jamie. Who validates the result of stress test? Is it a self check?