- Henrik Drusebjerg, a senior equity strategist at Nordea Bank AB
The seasonally adjusted current account of the euro zone swung a deficit of EUR1.3 billion in February from a surplus of EUR3.7 billion in January, said the European Central Bank on Wednesday.
European stocks closed lower the same day.
The Stoxx Europe 600 Index declined 0.67 per cent to 257.71. Germany's DAX Index lost 1.01 per cent and France's CAC 40 Index fell 1.59 per cent. The U.K.'s FTSE 100 Index retreated 0.38 per cent to 5,745.29.
"The debt crisis is far from over still and I think Spain will be worse before it gets better," Henrik Drusebjerg, a senior equity strategist at Nordea Bank AB in Copenhagen, said.
"European leaders need to address the key issues to move Europe out of this crisis and that is how to create growth under this environment and that has been almost unaddressed so far during this crisis."
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