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25 Feb 2014
Flash: Italy in focus; dismal politically and economically - BBH
FXStreet (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman said the main focus in g>Europe is on Italy, both in economics and politics.
Key Quotes
"On the economic front, December retail sales were dismal."
"The 0.3% decline compares with expectations for a flat report. On a y/y basis, the 2.6% plunge follows a 0.2% increase in November."
"On the political front, Prime Minister Renzi faces a confidence vote in the Chamber of Deputies. Note while he won the vote in the Senate as widely expected, it was not a very inspiring outcome. His 169-139 victory compares with Letta's 233-59."
Key Quotes
"On the economic front, December retail sales were dismal."
"The 0.3% decline compares with expectations for a flat report. On a y/y basis, the 2.6% plunge follows a 0.2% increase in November."
"On the political front, Prime Minister Renzi faces a confidence vote in the Chamber of Deputies. Note while he won the vote in the Senate as widely expected, it was not a very inspiring outcome. His 169-139 victory compares with Letta's 233-59."