Summary:

  • Loosening of collective game in Europe

    Will governments that helped consolidate the euro zone in 2012 still be operational this year?

  • The week in the USA
    Healthy job market cures everything.

  • The week in the Eurozone
    Improvement in France’s trade deficit: not so unimpressive.

  • Euro-dollar -- what does PPP say
    The euro is a currency which, since its creation, has tended to rise against the dollar.

  • The US fiscal situation: cliff, fix and fight
    The fiscal cliff has been avoided, but not all problems have been resolved. There is a serie of budget deadlines, and the challenges are substantial.