22 June 2012
Focus Europe - Climbing to another uninspiring summit

Table of Contents
Eurostress: No silver bullet .............................. Page 03
Italy: waiting for a euro-area roadmap.............. Page 08
Greece: Assessing the outcome ...................... Page 15
What Ireland can tell Sp ain ............................... Pag e 17
Cyprus  – another countr y for a bailout? ........... Pa g e 23
Euro Soverei g n Events: What to watch ........... Pa g e 29
Inflation............................................................. Pa g e 31
UK: More QE in July, rate cut remains a risk.... Pa g e 34
Rate View ......................................................... Pa g e 37