Against a backdrop of unstoppable digitalisation, one of the objectives for the banks at the moment is to find a balance between their physical branches and this new digital approximation which clients want.
Spain has major access to the funds mobilised by the Juncker Plan. Many companies, like Gestamp and El Corte Inglés, are already benefitting with projects worth some 15 billion euros.
As expected by markets, the ECB announced that it will continue buying bonds in 2018, albeit at a reduced pace of monthly €30bn for another nine months until September 2018.
The ECB is expected to announce a reduction, or tapering, of its asset purchasing programme at today’s council meeting. In opinion of David Kohl, chief currency strategist at Julius Baer, “financial markets are well prepared for less support from monetary policy.”
Merkel is negotiating a coalition government with the Greens and the Liberals – who propose opening the country up to the 4.0 world and creating a digitalisation ministry. Meanwhile, the chancellor warns that the idea of the homeland cannot be left to the increasing number of xenophobics in the country.
John Bruton | The current political system in the United Kingdom, and the anxieties and obsessions it has generated, determine the British position on Brexit. This expresses itself in an artificially inflexible and brittle interpretation of the 2016 referendum result. Scope and time are needed for creative thinking.
J.L.M. Campuzano (Spanish Banking Association) | An interesting study from the ECB about the structure of the financial sector in Europe shows the increasing weighting in the non-banking financial sector’s assets and the consolidation carried out by the lenders.
Jens Bastian via Macropolis | China is rather a newcomer to the region of southeast Europe. Compared to other countries and multilateral institutions – such as Russia, the European Commission or the EBRD – China is starting almost 30 years after the Fall of the Berlin Wall to establish a footprint in the region