EU REHN: EU recovery has taken hold, deficits going down

Market news

7 December 2010

EU REHN: EU recovery has taken hold, deficits going down

See contraction between EU economy, markets

Expect Portugal to specify 2011 measures

EU is beefing up systemic response to the crisis

EU will start new round of bank stress tests in Feb

New bank tests will include liquidity test

European session:

Barclays "continue to expect GDP growth to pick up modestly in Q4, although the overall pace of recovery, particularly in the labor market, remains mild relative to previous periods following deep recessions."

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