Ambrose: “Eurozone recovery wilts as sugar rush fades, deflation lurks”

The Telegraph’s Ambrose Evans-Pritchard has a good article on the risk of renewed troubles for the euro zone. See here.

Ambrose qoutes me:

“The recovery is not gaining any traction. I am really quite worried about another spasm of the debt crisis over the summer,” said Lars Christensen from Markets and Money Advisory.

“Markets are beginning to lose faith that the European Central Bank can deliver stimulus, and we are seeing the return of problems in public finances in Portugal, Spain, and Italy. That is becoming a key story,” he said.

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