Germany must challenge Eurozone’s institutional gaps
GLASGOW | By Lewis Miller | The Eurozone needs to correct the problems such as the lack of Eurobonds and plan an effective way to correct future asymmetric shocks.
eurozone
Corporate bond issuance picks up in the periphery of the euro area
BARCELONA | By CaixaBank research team | A significant narrowing of spreads has been decisive in reopening a window for corporate bond issuance in the periphery countries which is still open today.
Banking Union fails to fly
MADRID | By JP Marín Arrese | Depriving the ECB of the capacity to deal with ailing entities does undermine its authority as a supervisor in a Banking Union.
EBA guidelines for fair mortgage lending come too late
MADRID | By JP Marín Arrese | Banks should enforce the sooner the better these EBA guidelines if only to avoid transforming their credit portfolio into real estate heavily undervalued.
Poland, a new promised land
WARSAW | The tables have now turned for job seekers in Europe. As austerity and unemployment drives young people from Spain, Portugal, Italy and Greece in search of work, Poland is rapidly becoming an attractive destination for international job hunters.
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.
The Constitutional Court of Germany set to judge the Eurozone
LONDON | By Victor Jimenez | Governments in Berlin must speak up their minds, instead of using the national judiciary system and some probable legal ambiguities to delay the urgent steps of more integration.
ECB Monetary policy: would cash trickle down or is there a liquidity leak?
It seems like the million-dollar question: what if the ECB stopped sitting on its hands, change its monetary policy and pump some cash into the suffering euro peripheral countries? George Mason University Economics professor Tyler Cowen wonders about the consequences in his blog Marginal Revolution.
Wednesday’s chart: ECB negative interest rates
LONDON/MADRID | ECB negative interest rates might fail to re-activate credit activity because of a too cautious Germany.
Spanish banks reduce their dependence on ECB’s funding
MADRID | By José Luis Marco at Capitalmadrid |The Bank of Spain considers that liquidity is no longer a problem and detects a greater international confidence on the country’s financial groups.