We've just had the worst 24 hours for the European reform outlook in a long, long time.
More Quotes from Holger Schmieding:
The figures are not proof yet of an economic slowdown as they are being distorted by cutbacks in work creation programs.Holger Schmieding
They were slightly more dovish than I expected. There is a bit of a conflict between the bank's statement, and the numbers they gave.
Holger Schmieding
There could have been a heated discussion, with the doves preventing the acceleration in the pace of rate hikes the hawks may have wanted.
Holger Schmieding
Six quarters of mostly below-trend growth are taking their toll. The trend in rising unemployment and muted wage pressures suggests underlying inflation in the UK could ease further, keeping the door open for a possible rate cut later this year.
Holger Schmieding
Faced with an extremely high euro and high wage costs, the companies stepped up their restructuring. When the euro declined last year, they suddenly found they could take on the world quite easily.
Holger Schmieding
The orders data confirm that demand is very robust and we expect a significant acceleration in output growth shortly.
Holger Schmieding
Readers Who Like This Quotation Also Like:
Based on Topics: Time QuotesArt, whose honesty must work through artifice, cannot avoid cheating truth.
Adrienne Rich
The United States dollar took another pounding on German, French and British exchanges this morning, hitting the lowest point ever known in West Germany.
Gordon Sinclair
I don't think we will use the 80s glossy sound again.
Ann Wilson