Most of what we're going to hear in the news has to do with Greece and the jobs report. i have written on both in the last two member articles, so you know what my overall analysis is. Let me address a bit more on Greece here.
I read a brief Belgian article in Le Soir saying that Greece exceeded its targets again with the Q4 2011 budget deficit coming in at 7.5% instead of the target of 7% anticipated and announced on 14 February. basically, Greece continues to miss targets, and this is understandable given the policy framework of austerity sucks demand out of an economy, lowers tax receipts and increases social programs. The problem of course is politically this will be seen as another sign that the Greeks just can't get it done; and so the reluctance to pony up will be that much grea...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.