- Greek debt level to GDP is at “level of insolvency”
- Irish govt rescue package aimed at saving banks risks deepening country’s debt crisis
- Sees US house prices declining in next few months
- China faces risk of “hard landing” in three years
- ECB may raise benchmark rate 50-75 bps this year
- Sees ECB benchmark rate raised to 3% next year
- Fed, ECB policy divide maybe destabilizing
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