Hopes of a change after the likely election in September, the stock markets and the global economy are all contributing to what is a significant increase.

If the headwinds from energy costs fade, the sky for growth should start to clear a little bit.

Global imbalances have become wider over the past few years. The risk is significant of a sharp adjustment.

It's an encouraging sign.

Any move could be counter productive for OPEC, ... They need strong economies to maintain demand.

At that time, it was painfully obvious that the American economy was showing tremendous resilience when the Fed began tightening. Europe has nothing like that now.

There could be quite a lively debate.

They are marked by different traditions and they have a stronger Anglo-Saxon background.

This is very bad timing for the euro, and the report won't go down well with finance ministers or the European Commission, which is firmly against relaxation.