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Predictions of ECB rate cut grow as growth fades F

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Post# of 28539
Posted On: 04/24/2013 9:45:10 AM
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Posted By: testuser
Predictions of ECB rate cut grow as growth fades

A man uses an ATM machine as a homeless man begs for alms from his makeshift bed in Madrid, Spain, Monday, April 22, 2013. The 2012 figures from Eurostat, the European Union's statistics office, showed Monday that in spite of efforts to get a handle on its debts, Spain saw its budget deficit rise to 10.6 percent of GDP in 2012 from 9.4 percent the year before as the country took US dlrs 52 billon (40 billion euro) in rescue loans to help its banks. Excluding the rescue funds, Spain says its deficit last year improved to just under 7 percent, above the initially pledged target of 6.3 percent. (AP Photo/Andres Kudacki) FRANKFURT, Germany (AP) — Evidence that Europe's economic downturn is weighing more heavily on its strongest member, Germany, has convinced more and more experts that the European Central Bank will cut interest rates soon.




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