March 13, 2009 7:48 AM
From RGE Monitor:
The Swiss National Bank announced it would begin quantitative easing by intervening in the currency and corporate debt markets to “increase liquidity substantially”. The fear of deflation is growing in Europe. The Swiss cut their economic growth forecast from about -.75% annual to between about -2.75%, acknowledging the collapse in global demand for manufacturing. The European banks are even more leveraged than US banks. Could Europe be ground zero for the next leg of the financial crisis?
More on this topic
(What's this?)
The Fate of the Eurozone Hangs on Sunday's French Elections
(Money Morning, 5/4/12)
The Gloss is Coming Off the Eurozone
(Money Morning, 5/12/12)
Eurozone Manufacturing Shrinks Yet Again
(Wall Street Daily, 5/2/12)
First Solar (FSLR) To Collaborate With National Bank of AZ And Solar City On Phoenix Installation
(Green Stocks Central, 5/7/09)
