Euro Area Not In Recession, In trouble again”: CS

Because the banking sector is experiencing more robustness now than it was in 2008 or 2011 and the ECB has the capacity to act as a circuit breaker at its meeting in March, analysts at Credit Suisse don’t believe the Euro Area is into yet another recession. Peter Foley and team said in their Feb. 16 research note titled “In trouble again” that they expect Draghi to trim the depo rate by 10bp or possibly more. Easing of financial conditions in Euro area Foley and team argue that the Euro area is experiencing a solid and self-sustaining recovery predicated on the steady easing of financial conditions. They…