The news of missed debt payments by Espirito Santo International also comes on the heels of discouraging economic
data out of the eurozone.
Not exact matches
Today, Sweden is among the most - connected countries in the
Eurozone, with more than nine
out of 10 households having internet access as
of 2015, according to European Commission
data.
It adds to the recent spate
of weaker
data coming
out of the
eurozone and really underlines the fact that the ECB can afford to be a little bit patient in terms
of ramping up its hawkish rhetoric when it comes to its QE policy, said Bipan Rai, director
of foreign exchange strategy at CIBC Capital Markets in Toronto.
Second, while growth has been disappointing in both developed and emerging markets, financial markets remain hopeful that better economic
data will emerge in the second half
of 2013 and 2014, especially in the US and Japan, with the UK and the
eurozone bottoming
out and most emerging markets returning to form.
But, he pointed
out, «we concluded from an examination
of the subsequent outturn
data that the impact
of external inflation shocks, deteriorating export markets and financial sector and
eurozone difficulties were more likely explanations».