Future European banking rescue package limited at €60 billion
LONDON/MADRID | To compensate the news of a banking bailout limitation, the Eurogroup today may bring up a few tricks: the protection of SMEs’ non-guaranteed deposits of up to €100,000.
Search Results for US monetary policy
German savers should fear Berlin, not the European Central Bank
MADRID | By Luis Martí | The German government could also be drawn in as an expropriator of sorts: it is still an issuer of debt at a real yield equally negative for their nationals.
Bundesbank’s criticism of ECB’s bond-buying scheme
MADRID | By Luis Martí | What is worrying is the Bundesbank attitude of permanent and frank opposition to the initiatives of the ECB to overcome the crisis, being against any flexibility and realism that the economy is needing.
In search of a legitimate European Union
LONDON | By Charles Grant, director of the Centre for European Reform | For more than 60 years, the EU has been built and managed by technocrats, hidden from the public gaze – or so it has seemed. In fact national governments have taken most of the key decisions, but public scrutiny has been insufficient.
Euro Debt Crisis: Greece sacrificed to save the common currency
ATHENS | By Giorgios Malouchos at Presseurop | The IMF bailout of Greece has above all allowed its creditors to dodge their responsibilities and guard against contagion. The Greeks should revolt and renegotiate the terms of the loan, writes To Vima.
Mario Draghi, the Exterminator
MADRID | By Luis Arroyo | Why is the ECB not announcing further interventions, helping investor confidence to recover, offering strangled banks liquidity until they start providing credit again?
The ECB keeps its course unchanged
MADRID | By JP Marín Arrese | The ECB has made crystal clear it has no intention to undertake any extra effort in helping the economy to overcome its current recession. Its message utterly fails to provide confidence.
A three-speed global recovery
BARCELONA | By CaixaBank analysts | There are still a large number of medium-term risks for a global recovery: the absence of credible fiscal consolidation plans in the United States and Japan is one of them.
The Fed to cool Bernanke’s QE down
MADRID | By Carlos Díaz Guell | Federal funds’ main interest rates, currently at 0% and 0.25%, are likely to remain untouched. Why? The Fed explained it wouldn’t increase them unless unemployment rate falls.
Investment in Europe’s periphery becoming sexier
Sure, the eurodrama is a fact. But there is a growing interest about investing in the peripheral Europe. Morgan Stanley has conducted a survey among investment managers and 38% of them expect the CDS of the Spanish sovereign bond to be between 150-200bp over the next 12 months.