The Senior Strategist: Europe seeks to contain Spanish troubles
European finance ministers meet in Luxembourg today to discuss Spains 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 Merkels 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.
