Samaras said he will ask for the election to be held on January 25. The elections could bring the leftwing Syriza party led by Alexis Tsipras to power and derail an international bailout. Syriza party is ahead of Samaras’s New Democracy movement in opinion polls.
On Sunday ECB member and President of German Bundesbank Jens Weidman said in his interview for Frankfurter Allgemeine Sonntagszeitung that growth in Germany could be better than expected next year and the situation in Europe is not as bad as many people think.
"As things are at the moment and if oil prices remain this low, inflation will be lower than expected, but growth will be better," Weidmann stated. "(With low oil prices) An economic stimulus program has been handed to us, why should we add to that with monetary policy?" said Weidmann, adding that pressure from financial markets should not determine the ECB's moves on buying up sovereign bond, Reuters reports.
Tomorrow's session will bring Spanish CPI and M3 Money Supply data from Eurozone. Analysts predict 0.7% decrease in Spanish CPI, while M3 Money Supply should increase by 2.6%. In the US part of the session CB Consumer Confidence figures will be released. Increase to 94.6 is anticipated.
Figures to watch:
Spanish Flash CPI (Tuesday 9:00)
M3 Money Supply (Tuesday 10:00)
CB Consumer Confidence (Tuesday 16:00)
Last modified on Monday, 29 December 2014
