In the Euro Area, bureaucracy will probably continue to delay any agreement to bailout Greece. Moreover, January CPI preliminary reading may be confirmed at 1%. In Japan, we expect industrial production to rise further and real exports to continue growing due to a strong demand from Asia. Yet, inflation is likely to stay in negative territory. In the United Kingdom, a disappointing fourth quarter GDP growth may be revised slightly up. Finally, in New Zealand, trade balance is likely to fall back into deficit.