Watch the interview of Trevor Williams Chief Economist, Lloyds Bank with Menaka Doshi on CNBC-TV18, in which he shared his expectations from the Euro group meeting and what it will mean for Greece and the rest of the Eurozone.
Trevor Williams, chief economist at Lloyds TSB presents his expectations from the German elections, in an interview to CNBC-TV18. He expects the government to be led by Angela Merkel.
The European Central Bank (ECB) on Thursday decided to lower its benchmark interest rate by 25 basis points to 0.50 percent. Trevor Williams, Chief Economist, Lloyds Bank told CNBC-TV18 that these cuts aren't going to make a huge difference to the underlying growth prospects.
Trevor Williams, chief economist, Lloyds TSB, told CNBC-TV18 that the emerging economies are clearly showing signs of recovery. "The global markets are looking to put in money, but they are bit more selective about where they will put the money", he said.
Trevor Williams, Chief Economist with Lloyds spoke to CNBC-TV18 ahead of the EU meeting next week. He thinks Greece will be given money in order to save market from turning more negative.
European Stability Mechanism (ESM), which is Europe‘s permanent rescue facility, is expected to come into force on October 8. Trevor Williams, Lloyds Bank says it probably is not going to start until next year.
Trevor Williams, chief economist, Lloyds, says that after Draghi‘s comment bond yields are up almost 30 bps. Although the rate cut of 25 bps, which brings the ECB rates to a record low of 0.75%, is not satisfied to keep the markets satisfied. The markets are more worried after Draghi comment.
After the EU leaders decided to sort out Spain and Italy‘s debt woes, the global markets saw an upside. However, Trevor Williams, Chief Economist of Lloyds Bank tells CNBC-TV18 that he is not very enthusiastic about it
Trevor Williams, chief economist, Lloyds TSB talks about the continuing negative news stemming from the euro zone. He says the immediate concern is Greece as it is closer to an exit but does acknowledge that the other worries - Spain and the euro are not too far behind.
Trevor Williams - chief economist, Lloyds Bank believes that this is the final act in the Greek tragedy that is playing out in the eurozone and he is a 100% sure that an exit is on the cards sooner rather than later.
Trevor Williams, Chief Economist at Lloyds Bank feels that Greece requires great political will to get out of the crisis it is facing.
Trevor Williams, chief economist at Lloyds TSB tells CNBC-TV18 that some patchwork solution maybe put into place on Greece's debt but it will take a lot more than a debt swap deal to get Greece on its feet again.
In an interview with CNBC-TV18, Trevor Williams, Chief Economist, Lloyds TSB talks about the Eurozone situation and how today's US non-farm payroll numbers could cough up negative data.
Trevor Williams, Chief Economist, Lloyds TSB tells CNBC-TV18 that the markets had pretty much priced in these changes and hence European stocks rose.