While financial markets remain focused on Spain, analysts are touting ex-Yugoslav Slovenia as another candidate to tap the euro zone’s new bailout fund, the European Stability Mechanism (ESM).
European Central Bank President Mario Draghi said on Tuesday that EU governments, not the central bank, must take “fundamental” measures to solve the region’s debt crisis.
Global growth rates will diverge in 2013, with the U.S. seeing signs of growth while Europe remains in the doldrums, Siemens CEO Peter Loescher told CNBC.
Federal Reserve and European Central Bank monetary stimulus measures are more likely to impede growth than aid it, Nomura strategist Bob Janjuah said on Tuesday, adding that central banks' recent actions would be seen in future as a key moment in the downfall of Western superpowers.
Gold is the “clear winner” from global stimulus measures, according to a report by UK research firm Capital Economics, which says that gains to other commodities such as oil and copper are likely to be brief.