euro area 2017

The creation of a single deposit insurance is key to finalising financial integration

The Eurozone Must Come Back To Discipline In 2017

The Euro area ended 2016 with a bang, according to BoAML, although growth and inflation will be hump-shaped. In Dec, the ECB ended the 2015/16 experiment of monetary policy covering for fiscal easing. But potential growth remains low. The UK is not really in much better shape: it is now a 1-1.5% growth economy, meaning low rates and austerity for longer.