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Greece - All posts tagged Greece

  • Feb 23, 2012
    2:24 PM ET

    How to Bet on Europe’s Recession

    Europe expects to be in a recession this year, and the continent’s Central Bank isn’t budging on the need for severe austerity measures for the worst-hit countries. But some advisers and fund managers see opportunity in this continuing gloom.

    The European Commission released fresh economic projections on Thursday that showed the euro-zone’s economy contracting in 2012, a sign that conditions have worsened since November, when the region was expected to show slight growth for the full year. Also Thursday, the president of the European Central Bank said countries like Greece should stick to their strict deficit targets, recession or no recession.  The EU now projects Greece’s economy will shrink by 4.4% this year, worse than the 2.8% contraction projected in November, and Italy and Spain are now projected to see contractions for the year. Like the euro-zone itself, they had previously been expected to grow slightly.

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