I ran a bit late this morning. SO there will be no daily commentary until tomorrow. It is a slow news day, in any event. I think the links here capture the essence of what's happening.
BBC News - French business output grew in March, PMI survey says
Bundesbank Says German Growth to Slow - WSJ.com
Bankerna har lånat ut 90 miljarder
Swedish banks have 14 billion dollars in loans outstanding to Russia.
Moody's stufte Bank Austria leicht ab - KURIER.at
Debt of Bank Austria was downgraded by Moody's along with its parent Italian Unicredito.
Ratingagentur: Moody's hebt Zyperns Ausblick an - Börse Märkte - Finanzen - Handelsblatt
Cyprus got an upgrade from Moody's to a positive outlook from negative on sovereign debt.
Portugal : Südeuropas Musterschüler schüttelt die T...
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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.