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Europe Day Ahead: Cyprus meet no holiday for finmins

Thursday, September 13, 2012 - 01:54

Sept. 13 - Euro zone finance ministers gather for an ''informal'' summit - ECB bond buying and conditions for aid the top agenda items, while a Spanish bailout request remains a possibility.

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Investors await -- from the -- on whether it plans more bond buying a new round of quantitative easing is progressing among most economists. And then a freshman as a pool in the eurozone as the deductible for hopefully elect parties and actually sees yields died as -- benchmark bond auction. Eurozone finance ministers -- in Cyprus tomorrow for a summit officially described as informal. It's unlikely to be too relaxed though. The minister set to give the backing for the ECB's bond buying plans a more -- may also amounts on what conditions would be attached to any future bailouts. Also some chance that Spain -- use the occasion to pick and a formal request for assistance. Prime minister -- -- McCoy says he still weighing up options but economists say it's only a matter of when not at. The tentative optimism over the -- as encouraging some investors to think September -- may be bets are not expected for equities. But BGC's Mike Ingram says that a plenty of reasons to stay cautious. Spain is vigorously fighting I'd say kind of highlight package. Greece I think he's heading fool you this woman the other I was just talking to to a -- colleague and in Athens yesterday he was telling me that. Something like six billion -- -- billion in cuts which truly cut. He's -- grease to make off activity here fictitious. So are we going to be the hard decision to increase stereotype -- -- in October also you can -- comes back with a vengeance to the bond markets at least. I'd like to put downward pressure on when you're connected to. More food for thought for the ECB tomorrow with final inflation numbers for August injured. Price crises seem resuming on the month with a gain of not point 4% the forecast from analysts polled by bulletins. -- Hamas and I hope I'm Jamie give up the central time.

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Europe Day Ahead: Cyprus meet no holiday for finmins

Thursday, September 13, 2012 - 01:54