Lorenzo Codogno Economy Quotations

Italy's economy has become a real problem and tackling the issues head-on will require a strong government, not one that may be forced into compromises.

With the energy bill having increased recently, the risk is that consumers will tighten their belts over Christmas. The euro-zone economy is still at risk of a disappointing Christmas.

The monetary policy committee is still waiting for evidence on Christmas (retail) sales and wage negotiations. Then it will cushion the decline in the economy in a context of CPI (inflation) moderation.

This could provide a small additional backing to the idea that the euro zone economy is recovering and therefore might support an early hike,

The main reason for the euro rebound is the sharp slowdown in the U.S. economy, ... The European economy is slowing, but the deceleration is going to be much quicker and harder in the U.S.