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22 Apr 2015

‘I am excluding at 100 percent this Grexit’ – EC’s President Juncker

FXStreet (Mumbai) - European Commission (EC) President Jean-Claude Juncker has refused the Greece default scenario currently rumoured to be unfolding, according to which debt-ridden Greece will leave the 19-nation euro zone.

Juncker said, "We are prepared for all kinds of events but I am excluding at 100 percent this Grexit or Greek exit," "There will be no default."

He also warned that the Greece default would "lead us to consequences that people don’t know the amplitude about."

"I am highly preoccupied that the Greek government will let us know in time what is happening,"

"We need clarity and haven’t gotten it. I had lost patience in the meantime. Now I regained patience and do not want to lose it again."
Apr 22, 2015

RBA rate cut too close to call – BTMU

Derek Halpenny, European Head of GMR at Bank of Tokyo-Mitsubishi UFJ, argues that today’s Australian CPI data has raised doubts regarding the need for a rate cut by the RBA, while inflation data suggests against a move, the appreciation in AUD suggests otherwise.
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Apr 22, 2015

Eurozone inflation to pick up significantly in H2 2015 - KBC

The KBC Bank Research Team expects Eurozone inflation to pick up in the second half of the year by strengthening domestic demand, weaker euro and from the positive base effects resulting out of last year’s drop in commodity prices.
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