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Merill Lynch boosts Lebanese Eurobonds to 'Over Weight'
Merrill Lynch upgraded its recommendation on Lebanon's external debt to 'Over Weight' from 'Market Weight' in its model portfolio of emerging markets debt and raised Lebanon's allocation by 0.4 percentage points to 5.8 percent in August 2010, as reported by Lebanon this Week, the economic publication of the Byblos Bank Group.
The US Federal Reserve has slashed its growth forecast for this year and next and held its key interest rate between 0pc and 0.25pc 'at least' until the end of 2014, as it warns of stubbornly high unemployment....
For too long, European leaders have been acting in the interest of banks under the banner of saving the euro. If things are going to change, however, the link between sovereign and bank debt must be broken. 12 Jan 2012 4:00 PM
Davos rolling blog: day 3 - Financial Times (blog)
Davos rolling blog: day 3 Financial Times (blog) Only Olli Rehn showed any dissent, praising the German council of economists back-door eurobond suggestion as something akin to the 1790 US decision to move towards federal debt. The economic strategy is structural reform plus fiscal austerity.
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