Headlines:
- The ECB cut rates for a second time at its December meeting, and announced unlimited 3-year liquidity support for banks.
- In Greece, the new coalition the government appears to have made little effort to adhere to its IMF/EU program while it has been negotiating with its creditors. With elections looming, the political environment will be one to watch in coming months.
- Overall Q4 Eurozone growth is flat, although a clear contrast between the core and the periphery, with core inflation is levelling off at moderate rates.
|
Country |
GDP |
Unemployment |
|---|---|---|
| Austria | 2.9% | 8.6% |
|
Belgium |
1.6% | 7.2% |
| Denmark | 0.0% | 6.9% |
| Finland | 2.7% | 7.4% |
| France | 1.5% | 9.8% |
| Germany | 2.6% | 6.9% |
| Greece | (5.2)% | 17.5% |
| Ireland | (0.2)% | 14.3% |
| Italy | 0.2% | 8.7% |
| Netherlands | 1.3% | 5.4% |
| Portugal | (1.7)% | 12.4% |
| Spain | 0.3% | 22.8% |
