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Europe Day Ahead: Merkel feels the heat

Tuesday, May 22, 2012 - 03:37

May 22 - Euro zone leaders are likely to pressure Germany's Angela Merkel into accepting euro zone bonds at an informal summit. Meanwhile the IMF and OECD warn of the consequences of Europe's crisis.

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Hunt for volume let's European stocks up from five month lows but is this just the calm before another storm. Mine does lead the charge up around 6% on reports of fresh stimulus from China. And hopes that Europe's leaders will agree on I'd be on the on my exercise equipment that. Just seen it should run the ball that. The feeling and I took action. A hunts for volume -- European stocks up and fight month lows but this this just the calm before another storm. Might not lead to charge up when I'm 50% on the -- of fresh stimulus and China and hopes that Europe's leaders Bellagio and united action to tackle the crisis. Currency markets not quite so optimistic though that you know he's losing finds -- fears of so called gray exit from the eurozone still loom large. Germany's I'm -- medical -- they keep us that we see the allergies you have to ease up on austerity -- aggressive budget cuts threaten to something region into a downward spiral of stagnation and slow the global economy. IMF OJ's -- to do more to avoid lasting damage to the economy including more passive but assays from the Bank of England's. Christine Lagarde also suggests more infrastructure spending. Under c.'s findings will receive eighteen billion euros by fighting from the European financial stability fund source has told Reuters that Alpha Bank national -- to Greece. UT you know buying on this mine will be the recipients. Looking ahead to Wednesday and the pressure will be on the German chancellor. That's an informal summit over data with the EU counterparts in Brussels she's expected to face calls led by French president -- while -- From move towards common eurozone bonds. Senior German officials -- to deal that Germany will not by Darren I think that is not even an issue what fate of discussion pursuing. And get -- too great all in all this affects me carrying that kind of can for the rest of you carrying -- the heavy load. All the other countries without you don't have the kind of credit ratings don't have the kind of credit worthiness of Germany. I so gonna -- on the -- I -- I would think we're still a few meetings away from seeing Germany even wipe off all in this way that I Willis always still have remained. We've seen. That OECD has offered his support for -- -- -- under the right circumstances because health. We thinks that conditions are in place to move forward towards -- some time. One condition is the fiscal compact. Which should ensure fiscal discipline throughout the Euro zone until this should reassure the fiscal discipline is one leg the other leg is growth. And in the current situation -- -- could help. Girls in the longer term. Investors will be keen to see which if any of the Bank of England policy makers agree with IMF that policy should be eased. The minutes from the April -- -- expected to shoulder they were unanimous in keeping -- and the banks QE program on hold. I'm often a surprise jump in -- is -- that doldrums would you keep retail spending. Economists expect a fall of zero point 8% for April partly due to cold and wet weather keeping shoppers at home. Which in -- like Susan Saito 700 GMT -- a snapshot of all the leads us world news market headlines on social media pulse. I'm Jamie -- but this -- to.

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Europe Day Ahead: Merkel feels the heat

Tuesday, May 22, 2012 - 03:37