With news of a possible Greece austerity plan to pass as early as Sunday, le'ts review the ECB member's outlook on the European economy.
As of last week, Trichet, telegraphed that ECB would probably hike interest rates at next month's meeting, July 7th.
The following graph displays all the ECB members and a Hawkish vs. Dovish meter representing their views on the health of the Eurozone.
1=Dovish 3=Neutral 5=Hawkish
It's interesting to note that the members of the European crisis countries, Greece, Portugal, Spain, and Ireland are all Dovish.
Information Courtesy of Reuters
|ECB MEMBER||COUNTRY||HAWKS VS. DOVES|
|Vitor Constancio||Vice President||1=Dovish|
|Lorenzo Bini Smaghi||Italy||5=Hawkish|
|Jose Manuel Gonzalez-Paramo||Spain||3=Neutral|
|Miguel Fernandez Ordonez||Spain||1=Dovish|