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Europe Day Ahead: Merkel dampens expectations for EU summit

Wednesday, Dec 12, 2012 - 01:58

Dec. 12 - German Chancellor, Angela Merkel, plays down expectations of a deal to boost euro zone fiscal policies. BoE’s Paul Fisher speaks to Reuters about the UK economy’s growth outlook on Thursday.

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There's a look ahead to key events in Europe Thursday the heads of government from the 27 nation block gather in Brussels. For the European council meets and now there are expected to discuss a roadmap for deep economic. And monetary union but ahead of the summit German chancellor Angela my -- already played down expectations of a deal to boost eurozone fiscal policies. It's -- comes they will sell one to two billion euros of three bombs on Thursday. The bonds due in 20152017. And 24 -- This'll be Madrid's loss bond auction of the year -- Apart from Italy will hold its first bond auctioned off to marry Monty said he would resign earlier than expected. Italy's borrowing costs have risen since Monday's announcement earlier we lost Barclays will hold us. If the bond market should be worried that a success -- may not be able to all of the country's debt reduction target. Think really the bond market is is looking initially but that seeing it on that -- left out of the nation is left shoulder the hulking presence that the ECB -- -- -- and that's probably enough to -- for the moment. On the data front we kick off in Spain -- inflation numbers at eight GMT -- follows with its reading on inflation and our lace up. Analysts will be keeping an buyout from the EU harmonized Sega -- -- ten GMT you'll get third quarter jobless numbers from Greece slightly to rising Q3. As the economy continues to shrink current jobless -- that 23 point 6%. Events for the diary tomorrow will be yes speaking to Bank of England MPC member Paul -- about growth ahead of the bank's minutes -- next week. UK chancellor George Osbourne appears before the treasury select committee to discuss the or some statements. And later in the -- the ECB executive board member Peter Craig speaks on reforming of the EU's fiscal governments in Frankfurt. That is Soledad the first time axle problems as --

Europe Day Ahead: Merkel dampens expectations for EU summit

Wednesday, Dec 12, 2012 - 01:58

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