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Europe Week Ahead: Austerity budgets stoke protests

Friday, September 21, 2012 - 02:39

Sept. 21 - France and Spain unveil key budgets, more protests are planned against austerity and we get the Ifo Survey from Germany. We also have interviews with car company CEOs at the Paris Motor Show.

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Spain's rock -- and Italy's Monti called for solidarity in the Euro zone ahead of a fresh sense of -- good Washington. No way this -- ECB's bond market -- yes Spanish prime minister. Will unveil his country's 2013 budget next week as -- a stress test results from its beleaguered local banks. Possibilities could issue its verdict on the country's finances. -- downgrade would take its debt into the junk territory brightest sources that suggests Madrid could freeze pensions and speed up a plan drawings. In the retirement age paving the way for any possible by now. But the drop in peripheral yields following the ECB's bond buying -- may -- Spain to put -- -- asking for -- that's the view of Don -- economists and ice cap. -- markets also aware that. There there isn't big recent elections in Einstein on the -- personal slave. And it's a way that perhaps the government might not want to request fully played out before those elections I think we don't get something done by the end of outside about. And I think we are gonna see the markets could be stopped to force the issue. France and -- is it's 2013 budget Friday seen by many as the acid test of present on loans credibility. The government has pledged to hit a deficit target of 3% of GDP next year so markets will be keen to -- the west some thirty billion euros. Of much needed console come German Chancellor Angela Merkel will meet Francois alone this weekend ahead of its first of his official visit to the US. A tough week ahead for -- off to coalition party leaders failed to agree on austerity counts the troika as usually happens tomorrow sucked today. Off two weeks of wrangling over twelve billion euros of cuts needed to secure Greece's next round debate. A fresh round of protests are expected next week Monday green journalists page a 24 hour. Anti austerity strike and marched on the labor ministry. On Wednesday both public and private sector unions hold a strike and rally and on Friday it's the son of tax office employees. A -- of debt auctions and you Italy Germany the Netherlands and Belgium all go to market next week. While Germany's ethos sentiment index and unemployment rates it will show how much the crisis sapped. Economic momentum a report out this week suggests the jobless rate is set to rise in 2013. Bad news for Chancellor Angela Merkel as she bids for a third term in power. That's it join us next week for live coverage of the Paris -- show where we -- of CEO interviews including revenue in the sense that cobblestone. And I suppose this is what.

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Europe Week Ahead: Austerity budgets stoke protests

Friday, September 21, 2012 - 02:39