EMU Troubles: The Narrow Way Out
PARIS | By Francesco Saraceno | I was asked to write a piece on whether we should continue to study the EMU (my answer is yes. In case you wonder, this is called vested interest).
In Europe
Greek elections: A rather positive status quo
LONDON | Barclays | Despite this clear victory and positive status quo, a number of key questions remain for the post-election era: Will the quarterly targets be met as the macroeconomic outlook worsens? Will the ECB reintroduce the waiver on GGBs and include them in the PSPP programme?
Looking in on the Greek elections from the outside
By Jens Bastian via MacroPolis | Many indicators suggest the result is still too close to call, either in terms of winners and losers, or regarding the configuration of any coalition government arrangement.
European banking supervisor gets tough (but not excessively so)
And it will have consequences for the Spanish banking sector’s solvency.
Corbyn’s European context and the challenge to turn popularity into power
LONDON | Much is made of his (self-proclaimed) socialism. Yet, it is more likely that Jeremy Corbyn gathered support not because he is a socialist but in spite of being one.
Greek elections watch: 24 parties and coalitions apply to contest
By Damian Mac Con Uladh via MacroPolis | Greece’s Supreme Court has received a total of 24 applications from political entities – including 19 parties and five coalitions – to contest the elections on 20 September.
Anarchy!
German Finance Minister Wolfgang Schaeuble sought to turn the tables on critics of his fiscal-discipline push, saying he’s actually the better Keynesian.
German Bonds Lose Their Appeal
Investors seem to be leaving aside the so-called safe haven of German bonds, the European benchmark
Election Watch: What are Greeks voting for?
By Nick Malkoutzis at Macropolis | Rarely has Greece gone into an election period with so many pieces in flux as it is now. The only thing we know for sure about the 20 September ballot is that we really can’t be sure of much.
ECB next stress test to affect just 50-60 banks
The European Central Bank will examine the European banking sector again in 2016. The stress test will maintain the same structure as in 2014, but the Asset Quality Review will not be carried out this time round.