Shirikawa Says BOJ Price Goal Akin to Other Central Banks
EU’s Rehn on the Wires
EU’s Rehn on the Wires
Says:
- Greek bailout meant to add prerequisite for growth
- Greek bailout must be pushed throught with determination
- Must improve Greek Competitiveness in short term
- Greece needs private-sector reforms, cost adjustment
- Doesn’t doubt Greek bailout commitment after April vote
- Greek default would have ‘dramatic’ consequences
Merkel Speaks in Germany
Merkel Speaks in Germany
Says:
- ‘We want a financial transaction tax in Europe’
- Euro area must be built on trust
- EU to aid Greece, Portugal, Ireland ‘is right’
- Euro-Area aid countries must do ‘their homework’
- Greece needs ‘state that functions properly’
US Existing Home Sales Data Due at 10AM EST
US Existing Home Sales Data Due at 10AM EST
EU on the Wires
EU on the Wires
Saying:
- ICAO should continue to work on global CO2 curbs on aviation
- It is sure EU legislation doesnt breach international law
- ICAO dispute procedure will side with EU
- Law allows ban on airlines for lack of CO2 compliance
- Hungary has ‘plenty of time’ to avoid deficit sanctions
- Iran must fully cooperate with IAEA
- Foreign ministers to discuss extending syria sanctions
Eurozone Flash Mfg. & Services PMI weaker than expected for February
Mfg. PMI 49.0 vs. 49.4 expected
Services PMI 49.4 vs 50.7 expected.
Eur/Usd off on news, down to 1.3220.





