Europe Economics Update In the euro-zone at least, the markets have got it right While the recent weakness of financial markets appears hard to square with the economic outlook insome parts of the world like the US, in the euro-zone the markets’ concerns appear more justified. 16th October 2014 · 1 min read
Europe Economics Update French fiscal slippage could promote more pragmatic policy The French Government’s submission today of a budget that flouts the European Commission’s fiscal rules will be a key test of EU authorities’ resolve. We expect a compromise to be reached that forces... 15th October 2014 · 1 min read
Europe Economics Update Adverse market reaction hits Greek bail-out exit hopes The adverse market reaction to the Greek Government’s plans to exit its IMF bail-out early has underlined the fragility of market sentiment towards the country and presumably made it very unlikely... 14th October 2014 · 1 min read
Europe Economics Update Why haven’t euro-zone exports recovered more strongly? The persistent weakness of euro-zone exports seems to have reflected the high level of the euro, tradelinks with Emerging Europe and cost and regulatory pressures on the region’s exporters. While... 3rd October 2014 · 1 min read
Europe Economics Update ECB’s Draghi suggests QE is on its way President Mario Draghi hinted strongly that a deterioration in the inflation outlook in the coming months would result in the ECB taking bolder, unconventional policy action, leaving the door wide... 2nd October 2014 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Sep.) Smaller budget deficits were seen in most of the peripheral economies in August, but France’s fiscal position continued to deteriorate. 2nd October 2014 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Aug.) Although August’s euro-zone monetary data showed further signs of improvement, lending is still contracting and, given the low uptake at the ECB’s first TLTRO last week, there is little sign that this... 25th September 2014 · 1 min read
Europe Economics Update What to expect from the TLTROs With the first of the ECB’s Targeted Longer Term Refinancing Operations taking place this Thursday,this Update addresses some of the key questions regarding their aims and likely effects. While... 17th September 2014 · 1 min read
Europe Economics Update Early loan repayment underlines Irish progress The agreement amongst European finance ministers over the weekend that Ireland can start early repayment of its IMF loan highlighted again the rapid improvement of market confidence in the peripheral... 16th September 2014 · 1 min read
Europe Economics Update Sweden’s return to the left won’t banish stagnation fears Sweden’s general election yesterday resulted in defeat for the centre-right coalition Alliance Government after two terms in power but produced no overall majority for the centre-left opposition... 15th September 2014 · 1 min read
Europe Economics Update Vote of confidence to offer limited hope for France The French Government looks set to win a vote of confidence tomorrow, allowing it to pursue long-overdue business friendly reforms. But it could take many years for the reforms to bear fruit and... 15th September 2014 · 1 min read
Nordic & Swiss Economics Update Sweden’s return to the left won’t banish stagnation fears Sweden’s general election yesterday resulted in defeat for the centre-right coalition Alliance Government after two terms in power but produced no overall majority for the centre-left opposition... 15th September 2014 · 1 min read
Europe Economics Update Cyprus foreclosure bill will help banks but hit households The Cypriot parliament passed a controversial bill on 6th September, reducing the time it takes toforeclose non-performing business loans and mortgages. While the bill is likely to help banks ahead... 10th September 2014 · 1 min read
Europe Economics Update Danish central bank will need to do more to weaken krone The ECB’s unexpected announcement last week that it would lower interest rates again forced the Danish central bank to reinstate a negative deposit rate to protect the Danish krone’s peg to the euro... 10th September 2014 · 1 min read
Nordic & Swiss Economics Update Danish central bank will need to do more to weaken krone The ECB’s unexpected announcement last week that it would lower interest rates again forced the Danish central bank to reinstate a negative deposit rate to protect the Danish krone’s peg to the euro... 10th September 2014 · 1 min read
Europe Economics Update Looser credit standards may help Italian firms More favourable terms and conditions for loans to Italian firms point to a possible pick-up ininvestment and industrial production in the coming quarters. However, there is little evidence we willsee... 8th September 2014 · 1 min read
