The Senior Strategist: Europe seeks to contain Spanish troubles

October 08, 2012

European finance ministers meet in Luxembourg today to discuss Spain’s overhaul effort and closer banking cooperation. The economic crisis in Greece, Portugal and Cyprus is also on the agenda. 

The second day of the Luxembourg meeting will be overshadowed by German Chancellor Angela Merkel’s trip to Athens. The visit underscores her shift toward keeping Greece in the euro area, says Senior Strategist  Ib Fredslund Madsen.

Concerning equities The Senior Strategist believes, that markets need more than a good US Jobrapport.