DislikedI think the biggest E problem is the behavior of US markets...
this is some current data from DJ:
Spain Q2 GDP Rises 0.2% On Quarter
Czech Q2 GDP Grows 0.8% Sequentially
Hungary June Industrial Output Up 15.2% On Year
there are more
remember when the problems in EU started, right after the housing bubble in US... it speaded around the world they said, ofcourse it did it was the $ concern.Ignored
The fed kind of convince markets the situation of the US wasn't so bad..
I agree that there are a lot of good news from the Europe...not good enough...and what is more important aez the global macro problemes such a countries deficit or sovereign risk , etc...
COT: The precious data ignored