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The headlines will point to economic data, but maybe nervousness over the outcome of this...

The headlines will point to economic data, but maybe nervousness over the outcome of this weekend's elections sends Europe sharply lower today. Stoxx 50 -1.8%, Germany -2%, France -1.9%, Italy -1.4%, U.K. -1.9%. Spain outperforms, +0.5% as the head of Santander grabs the ear of the ECB.
Comments (2)
  • Chesscat
    , contributor
    Comments (42) | Send Message
     
    Elections in France and Greece, and where else? I do think these elections are important. They will presage whether Greece will have the determination to follow through with their commitments to the ECB, and whether the ECB will begin to divide against itself, growth versus austerity. In the background of monetary and fiscal policy, is an actual recession in Europe.
    4 May 2012, 06:37 PM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2733) | Send Message
     
    Some provinces in Germany will also be voting over the next weeks. Schleswig-Holstein votes tomorrow. Serbia is also holding elections this weekend. They're not in the EU but for some reason that country has applied for membership.
    4 May 2012, 08:25 PM Reply Like
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