Tags » European Central Bank

EU panic over Italian populism only exacerbates tension

Italy’s populist government did not just fall from the sky — it was elected. And the incoming leaders could prove to be an explosive force for the European Union. 740 more words

18 May 2018 (AFR) - New Italian government wants €250b of debt forgiven in a market shake-up

(18 May 2018, AFR, p14, by Dhara Ranasinghe and Danilo Masoni)

‘Italy’s borrowing costs jumped and its stocks slid after a draft program for a potential coalition government revealed plans to demand €250 billion ($550 billion) of debt forgiveness and create procedures to allow countries to exit the euro. 98 more words

1.Market Observations

7 May 2018 (AFR) - Greek banks face €15.5bn hit to capital ratio under stress tests

(7 May 2018, AFR, p21, by Martin Arnold and Kerin Hope)

‘Greece’s four biggest banks would take a €15.5bn hit to their combined capital ratios in a future economic downturn, according to the results of the European Central Bank’s latest stress test of the country’s main lenders. 48 more words

1.Market Observations

EU warns protectionism 'biggest risk' to eurozone growth

In a poke at the U.S. and Donald Trump’s trade policies, the EU on Thursday laid out a stark warning that a sudden rise in trade protectionism was the biggest threat to growth in Europe, as it confirmed its solid economic projections for 2018 and 2019. 348 more words

Reflections on monetary policy in the euro area - Speaking points by Yves Mersch

Speaking points by Yves Mersch, Member of the Executive Board of the ECB, Eurofi conference, Sofia, 27 April 2018

  • While the recent flow of data points towards some moderation in the on-going economic expansion, growth is still expected to remain solid and broad-based.
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Analysis And News

Warning signs mount that eurozone is facing a new recession — and this one could be terminal

Retail sales are falling sharply. Industrial production is slumping. Construction is sluggish and the government is weak and clueless with little idea of how to respond to falling demand. 971 more words


What Hath Merkel Wrought?

In my fifth month of blogging in November 2011, I wrote a post which I called “The Economic Consequences of Mrs. Merkel.” The title, as I explained, was inspired by J. 1,244 more words