The title of a recent Business Monitor International report highlights the view that the eurozone is expected to muddle through. However, as Bruce Jeffery, Global Markets Strategist at Business Monitor, explains, a resolution to the ongoing sovereign debt debacle will require a crisis of epic proportions. While implausible at this juncture, alternative scenarios cannot be… [Read more]
Regular readers will be familiar with our increasing concerns about the eurozone, as outlined in Monday’s blog post. Following an extraordinary session of Business Monitor International’s Politburo Standing Committee (in this case our Europe and Global Analysts), we outline our core views on the eurozone debt crisis: Policymakers will take the necessary steps to prevent… [Read more]
Mark Schaltuper, Head of Europe Country Risk and Financial Markets, and Tim Cooper, Chief Economic Strategist, come together to discuss Business Monitor’s latest Special Report titled “Market Meltdown: Global Economy On The Edge”. With the US reeling from debt concerns after losing its AAA credit rating, the eurozone dogged by the ongoing sovereign debt crises,… [Read more]
The EU-wide bank stress test results released on July 15 offered little reprieve for financial markets as concerns over the eurozone sovereign debt crisis continue to dominate. At the heart of the stress test scenario is the ‘adverse scenario’, in which the euro-area economy contracts 0.5% in 2011 and equity markets fall 15%, while banks… [Read more]
Last week Mark Schaltuper, BMI’s Head of Europe Analysis, spoke on CNBC European Closing Bell about the prospect of an internal devaluation for the least competitive eurozone economies.
