- Says U.S. fiscal cliff may draw attention away from Europe.
- Greece vote on austerity “will be yes”.
- Greece has no real alternative to austerity program.
- Says he called for eurogroup meeting for Nov.12.
- There are limits to European solidarity.
- Limits to European solidarity haven’t been reached.
- Says Irish, Portuguese programs developing quite well.
- It’s up to Spain to ask for program if it needs one.
- Says some European countries may see 4th qtr. GDP contraction.
- Says he’s not optimistic on 4th qtr European growth.
- Some European countries may enter technical recession.
- Says usually easier to work with U.S. President on 2nd term.
bloomberg headlines
Well euro looking better up at the highs of 1.2835/37. Not sure if this resistance level is going stall this rally.
