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Germany’s Constitutional Court will rule today whether the country can contribute to the 500 billion-euro bailout fund. The taxpayer-backed fund will be able to lend money to troubled countries that are unable to borrow from investors. The permanent rescue fund cannot commence without Germany’s participation. Angela Merkel may comment on the decision shortly afterwards in a budget debate in [...]
European Daybook by Chris Kirkham: What to watch, economics, government, companies, and markets – click here to read more!
Click here to read more about the consensus forecasts for European economic growth, commodities and major exchange rates.
Listen to our Exclusive Podcast Here>> Tom Keene is an editor-at-large at Bloomberg News and host of “Bloomberg Surveillance,” Bloomberg’s morning program where the day’s conversation on economics, finance and investment begins. Keene can be heard on “Bloomberg Surveillance” starting at 6 AM/ET across Bloomberg Television, Radio, Bloomberg.com and Bloomberg’s devices for mobile and tablets. [...]
Italy would probably be forced into receiving a bailout if it were to face another two weeks like the last seven days. The seven-year sovereign yield has increased to 589 basis points from 538 basis points a week ago. That figure can be used as a proxy for the level with which the average cost of [...]
Click here to see what Joseph Stiglitz, Chairman of Evercore Partners Roger Altman, Mexican President Felipe Calderon, Canadian Finance Minister Jim Flaherty, Deutsche Bank Chief Executive Officer Josef Ackermann, Finnish Prime Minister Jyrki Katainen, and Jean-Claude Trichet said at Davos.