In Europe



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Portugal: Conservative Coalition Likely To Stay In Power (And Ensure Solvency)

BARCLAYS | The results of the general election in Portugal came in broadly in line with recent polls: the PSD/CDS conservative coalition, currently in government, won again with 38,5% of the vote, but it fell short of an absolute majority of seats in parliament. Political instability could potentially also result in early elections after one year.


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Securitization Is Back! EU Launches Capital Markets Union

The European Commission is trying to create a single market for capital across the continent to increase and diversify the funding sources for Europe’s business and long-term projects. In the EU, mid-sized companies received five times less money from capital markets than in the U.S.


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France’s Deficit: A Slow But Credible Downward Path

BARCLAYS | With an early official communication laying out the macroeconomic assumptions, and a reaffirmed government strategy to reduce the deficit by cutting expenditures, today’s presentation of the 2016 Budget provided few surprises.


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If It’s Stability You’re Looking For…

ATHENS | Nick Malkoutzis via Macropolis | The September 20 election, the second this year, has probably generated more questions about Greece’s political future and how stable it will be than it has answered. Repetition, it seems, has failed to provide clarity.


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What To Do As Inflation Turns Negative Again?

Estimations for the Eurozone’s inflation in September have been met: prices turned negative again after six months above zero. Some analysts think this time “the ball in not in the ECB’s court”.



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Neither necessary, nor good

ATHENS | By Nick Malkoutzis via Macropolis | By working with the Independent Greeks, Alexis Tsipras has taken a sledgehammer to the hopes of those who thought he might seek a more progressive alliance this time.


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Tsipras is at his strongest, but for how long?

ATHENS | By Nick Malkoutzis via MacroPolis | Working out how Alexis Tsipras went from anti-austerity crusader to comfortably winning an election while promising to implement the third bailout, and in the process turning a resounding “No” in the July referendum to a humiliating “Yes” a week later, is something that political scientists will study for years to come.