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Europe Week Ahead: ECB to be quizzed on Cyprus Troika spat

Thursday, March 28, 2013 - 02:36

Mar. 28 - The European Central Bank is likely to be quizzed about the row between members of the troika over the way the Cyprus bailout was handled. Euro zone economic data includes PMIs and unemployment.

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This is a preview of the key political and financial bank's next week the big one on Thursday the European central bank's policy decision and Mario tried these news conference afterwards. Fallout from the site has bailouts and disagreements between the ECB on some finance minister is likely to dominate this session. Anything beyond the -- That is part of have lost a little bit of credibility of this crisis and I think the main -- in this thing of him which is. You know they've been trying to crack it will not with a sledgehammer and I think that's really. They've been doing with Cyprus the sort of it's who seems a bit unnecessary. The way they've gone about this in the sort of the potential threats -- as they have been allowed to happen just because of the way they treated the posters. So I think has been a little bit of damage. As the. We CD downgrades as growth outlook for Europe its chief economist -- thoughts as the ECB needs to ease policy and shop and as communications. -- strongly recommended there is space to do more in terms of easing monetary policy even. Two more traditional way such discussing the policy rate and also improving communication to -- would guidance. This is warranted by the fact that the inflation picture seems quite subdued in the Euro area while demand is lagging. Plenty of data for the ECB to examine as it makes its decision first up and it won't -- pleasant meeting. Eurozone unemployment is likely to rise to 12% across the region up from eleven point 9% in February that's already an all time high. Also during the week markets monthly survey of manufacturing and services PMI's both figures -- expected to hold steady. But there's no cause for celebration as the number of -- social economic contraction. Some positive economic dates a may -- the kind of UK policy makers but since I was a sector has joined the strongest pace in five months. Easing concerns that the economy is back in the session. A 71 economists polled by Reuters all that that the Bank of England will keep interest rates on on buying monetary stimulus unchanged on Thursday. What's good for any movement on Italy's efforts to form a government so far none of them leading parties have been able to -- to form a coalition. President Napolitano may be forced to appoint an outside -- to try and form a technocrat government. If that fails it's we face is a prospect of a return to the polls but could come within weeks. But so look ahead at the week next week counsel with all the latest news from there on business and finance on what is today each weekday at -- hundreds TNT. I'm -- to give up this is what's.