Even as markets have been focused on a potential bailout for Spain, analysts say Italy, which is heading for a protracted recession, may also need aid in 2013.
Two-thirds of chief executives and chief financial officers from around the world view the euro zone crisis as an opportunity to gain competitive advantage over rivals, according to a survey by global consultancy firm Accenture.
As the euro zone debt crisis weighs on the German “strong man of Europe”, Germany’s slowdown puts Eastern Europe’s growth at risk too, analysts told CNBC.
The S&P 500 is set to fall another 8 percent by the end of the year, on top of the 7 percent decline seen since the year’s high reached in September, according to a new strategy note by Goldman Sachs.
U.S. stocks markets’ poor performance since November is due to an already present “profits cliff,” not a future “fiscal cliff,” Societe Generale strategist Albert Edwards said in a note on Wednesday.
The fiscal cliff — the $600 billion of automatic tax hikes and spending cuts due at the end of this year — is “simply not going to happen”, Sen. Bob Corker told CNBC.
The U.K. government should avoid trying to help businesses, technology group Aveva’s CEO said on Monday, because government intervention inevitably leads to more legislation and red tape.