Sunday 08, July 2012 by Dr. Nasser Saidi
DIFC Weekly Economic Commentary - 8 July 2012
The aftermath of the EU agreement failed to further impress the markets. Worse, after the sequence of monetary easing from China to Europe, stock markets fell sharply partly because Draghi stated that downside risks have materialized and partly because markets were expecting stronger monetary measures. The spreads between sovereign debts in core and peripheral Eurozone countries widened to pre-summit levels.
