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Europe Day Ahead: German think tanks to cut growth outlook

Wednesday, October 10, 2012 - 02:54

Oct. 10 - Germany's leading economic institutes are to halve to 1% their forecasts for growth in Europe's biggest economy in 2013.

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BA systems and EDS walk away from the 45 billion dollar it was based mega mountain. The plot would have created the world's biggest defense could be he says there and stress of the government's involved and those of the two companies could not be resolved. But in France and Germany and the US all high stakes in this game. One sticking point has not have been jump and insistence that the -- group's headquarters would be in Munich. David -- was based on rights that I -- -- says other potential partners could be waiting in the wings. And a lot of people have been looking into the into the US for potential partner and large firms like general dynamics or not the governor even Raytheon had been mentioned in some of the reports. But unfortunately. Those firms already have significant presence in the United States. Another look at the trading day I had G-7 finance ministers gather in Tokyo on Thursday the summit follows also meetings of IMF and world -- Which have also been taking place in the Japanese capital. The fund is -- you -- zone countries to forge closer economic ties between member states. IMF describes global confidence as -- front -- and identified Europe's debt crisis as a key risk to global growth. The European central banks -- only also governor of the buying the frogs says fixing Europe's banking system takes precedence over cuts in interest rates. We stand ready to intervene and and didn't believe us if we do it's what will be successful will do whatever it takes to. Calls them market to move ahead. Germany's leading think tanks -- -- to downgrade the forecast for Europe's biggest economy. The respected in stitches and expecting GDP growth of 1% for 2015. Bus down from the 2% before cast in the spring outlook. But that still leaves the think tanks more optimistic than -- -- which is expecting expansion of not point 9% for next year. And corporate news frank supermarket chain cattle for releases its third quarter sales numbers on Thursday. Anti austerity protests in Spain have rekindled what he's about to retailers exposure to Europe's we can economies. The stock took a hit a couple of weeks ago and sales forecast for the global chain a flat. And the Japanese -- out how to cave and -- county is the favorite to win the 2012 Nobel literature prize also announced on Thursday. Now what does want one point two million dollars the Nobel Peace Prize will be announced on Friday. I'm coming up on inside of the thought enough CD's of interviews please don't Claude trichet. The former ECB chief tells us about life as -- -- -- caused a global central bank of join us by the league photo Reuters today among them all the latest world views on market headlines that's 8 AM London time. I'm -- media about this a -- of.

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Europe Day Ahead: German think tanks to cut growth outlook

Wednesday, October 10, 2012 - 02:54