Erkki Liikanen, council member of the European Central Bank, said it’s possible to get the European debt crisis under control.
Greece must implement all programs to stabilize its public finances, reduce red tape and sell some of its assets, Liikanen said in a television interview on Finland’s MTV3 today. He also called for shareholders to recapitalize banks in Europe and said banks shouldn’t pay dividends before their capital base and solvency are adequate.
All times CET.
WHAT TO WATCH: * DuPont’s (DD US) DK700/share offer for Danisco (DCO) expires today.
ECONOMY: * Swedish April jobless rate from Public Employment Service 10 a.m. * Finland’s March GDP indicator data, 8 a.m. * Finland’s April inflation data, 8 a.m. * Finland’s March retail sales volume data, 8 a.m * Finland’s parliament’s grand committee decides the country’s stance on the Portuguese bailout package, meeting starts at 12:30 p.m. in Helsinki. * Norway sovereign wealth fund, 1Q, 10 a.m. * Norway Revised 2011 Budget, 11:45 a.m. * International Social Democratic Summit, Oslo * Nobel-prize winning economist Joseph Stiglitz speaks in Copenhagen, 2 p.m.
EARNINGS: * Schibsted (SCH NO), 1Q, net NK159m vs est. NK188m * AF Gruppen, (AFG NO), 1Q * Bergen (BERGEN NO), 1Q * Biotec Pharmacon (BIOTEC NO), 1Q * DFDS (DFDS DC), 1Q, 8:30 a.m. * Brd. Klee (KLEEB DC), 1Q * Biotie Therapies (BTH1V FH) 1Q, 8 a.m. * Chemometec (CHEMM DC), 3Q * GC Rieber Shipping (RISH NO), 1Q * Grieg Seafood (GSF NO), 1Q * InterOil Exploration (IOX NO), 1Q * Panoro Energy (PEN NO), 1Q * Rocksource (RGT NO), 1Q * RomReal (ROM NO), 1Q * Toender Bank (TNDR DC), 1Q.
COMPANIES: *Marine Harvest (MHG NO), Roadshow London, New York
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