Jurgen Michels

Jurgen Michels of Citi feels there may not be any further measures from the ECB but the Bank of England (BoE) may announce another round of quantitative easing (QE).

Spain unlikely to go solo; IMF-EU in spat over Greece:Citi

Citi's Jurgen Michels explains to CNBC-TV18 that it is highly unlikely that Spain will be able to fund itself on relatively low rates and with no improvement in the Greek situation, he adds that the IMF and the European nations are locked in a dispute over contributing to ease the debt scenario in Greece.

Slim chances of ECB action in next meet, says Citi

Ahead of the ECB meet on Thursday, Jurgen Michels of Citi feels chances of ECB action is very little taking into consideration the stands taken by the German Federal Bank, Bundesbank and Spain's reluctance to ask for support from the EFSF.

Fed may not come up with QE3: Citi

Jurgen Michels, Citi, says that the steps taken by the Spanish government last week to come up with austerity measures shows that the country is preparing itself for measures aimed to bring the country back to the target of excessive deficit procedure and reach 3% deficit by 2014.

ECB may bring down rates further, says Citi

Jurgen Michels, Managing Director, Lead Euro Area Economist and ECB Specialist at Citi said that the ECB offered some positive surprises by bringing down the deposit rate to zero. He believes, this could also pave the way for taking the rates further down, even moving into negative territory at some stage.