- says BOE is currently behind the curve. Calls the BOE growth forecast wishful thinking.
- expects medium term inflation to "plummet like a rock."
- says the economy is already contracting and he expects several quarters of contraction.
- note: Blanchflower is a dove who voted for a rate cut at the last meeting.

Euro Macro sector headlines

• Yesterday 11:06pm
  WSJ: Ukraine currency collapsing by over 60% from its peak amid slacking commodity export demand
  
• Yesterday 09:20pm
  (FR) France's Sarkozy plans to pay €1,000/car sent to scrap yards - Le Monde- The move is aimed at supporting the domestic auto market. - Back on 12/2, Le Monde reported that French Pres Sarkozy more...
  
• CBK.GE Yesterday 07:41pm
  Commerzbank AG Plans to close its UK M&A unit - FT- The company also plans to stop proprietary trading and cut 1,200 jobs in London as it integrates Dresdner Kleinwort. - The company will also cut 150 jobs in more...
  
• BKIR.IR Yesterday 07:08pm
  Bank of Ireland Apax Partners , Carlyle Group, JC Flowers and various other private equity firms are mulling an investment in the bank - FT
  
• BAER.SZ Yesterday 06:10pm
  Julius Baer Sees 2009 conditions as challenging, will postpone "second-tier" office locations; net new assets may level off- Value of investment declining faster than inflows