euro labor costs

Lighter Data Calendar at End of Difficult Week

December 16, 2011

Investors await with trepidation the continuing and still-uncontained European sovereign debt and banking crisis.  ECB President Draghi maintains the view that the central bank has no silver bullet and that it’s up to national governments to implement asap those steps agreed on December 9.  The pessimistic mood is captured by IMF Managing Director Lagarde’s dire […] More