12/4/2012 00:00:00
According to the ECB, conditions in the euro area labor markets continue to deteriorate and economic surveys anticipate a further worsening in the short term. The monthly bulletin of the European Central Bank highlights the increase in the spreads of Italy and Spain in recent weeks, overall the confidence of the bond markets has not fully recovered.
Italy, but also France, Belgium, Greece, Holland, Portugal and Spain, present a particularly significant public refinancing requirement for 2012, exceeding 20% of GDP. The European Central Bank expects inflation rates in the euro area to be above 2% in 2012, with upside risks prevailing and a slowdown below this threshold expected only in 2013.
