Flash: European stimuli surfacing across continent – Deutsche Bank

FXstreet.com (New York) - In Portugal, President Silva has proposed a cross-party agreement between the coalition and opposing Socialists in an effort to guarantee wider support for austerity measures needed for Portugal to exit its bailout next year, notes Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.

The move surprised some who had thought the Prime Minister had overcome a cabinet crisis by reaching a deal with junior coalition partners. Elsewhere on the Iberian Peninsula, the Spanish remain focused on corruption allegations in government and there is also concern about its IG rating in the face of Italy's downgrade earlier in the week. In Italy specifically, the difficult relationship between the centre-right and centre-left continues to bubble away amidst the ongoing tax trials of ex-PM Berlusconi.

There were also protests in Greece as parliament debated a bill bundling together a range of economic reforms. So nothing to cause a major panic but plenty to think about in Europe at the moment.