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Europe Day Ahead: Can the Council save the children?

Wednesday, June 26, 2013 - 02:35

June 26 - Leaders gather in Brussels for the European Council's monthly meet. Top of the agenda - Europe's youth unemployment crisis and banking bail-ins.

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Talk about ten downside staying this month's European council meeting. The agenda and Brussels will be tackling used unemployment rates at 40% in Southern Europe. Government stressing the need to move away commissary teaching growth from testing policies. The budget still under strain -- little rain for any agent spending initiatives sand he markets micro Houston says they'll be list of guests. On bank alien rules. Angela Merkel and humble guy -- -- we are probably a little bit reluctant to put further German tax plan funds. And on the line with respect to thank bylines. You know I think they'll talk about the potential agreement but I don't think we really can get very soft. On the economic front certain net change expected in Japanese jobless -- holding a -- 8000 people. I expected to be asked of -- this you know assessing also and Judy worries today's JFK sentiment index at its highest in almost sixty is. Haptic also full cost of the various years and -- an indices outsmarted. Business climates industrial and so this is only expected to improve albeit from very low levels. And finally UKQ one GDP number is G. Any revision will be closely watched for the previous reading -- in posted at 310s of percent. He's says markets and now more focus on second quarter GDP. So as long as -- nice surprises from tomorrow's biggest. Then I say anything concerning will continue to remain fairly well underpinned and the likelihood of any further acutely. Is not need to be September the earliest. And fix things come another bowl on adoption and it's really this timing medium to lunch and sales. She'll attend debt costs almost double that today's auction as expectations of then tapering weigh on risky assets. Anthony's economy minister refusing press reports today that -- faces eight billion euros in derivatives losses. The -- -- money says it's big misunderstanding and any damage has been done to public accounts. And Portugal the country's two largest labor unions planning a one day strike the anti austerity protest will put five up -- up. On the really it ruining coalition whose popularity has slumped -- -- and using the largest tax increase in -- and Portuguese history and at this yet. And that's a look at the third day I'm managing all. This is what it.

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Europe Day Ahead: Can the Council save the children?

Wednesday, June 26, 2013 - 02:35