Is there any Grecovery or Spainovery?
Besides strong public statements from EU Commission bosses that EU is in turning point in crisis the reality is much worse. You can find one example in Greece. Public Power … Pokračovanie článku
Tag Archives: bailout
Bitcoin´s week
It was a Bitcoin´s week. Everybody was talking about bitcoins. Last week we had some records concerning bitcoins. First, bitcoin surged to new USD record high when it added 100 … Pokračovanie článku
ECB four-flush
We already know that ECB is prepared to use so called OMT mechanism to buy on secondary markets government bonds in trouble. The only thing we know is that ECB … Pokračovanie článku
More Debt Means Better Rating
The most important news of this week was connected with US and debt ceiling debate. But let´s start as usually with Europe. Austerity measures are more and more unpopular. One … Pokračovanie článku
Nothing Has Been Solved
The Euro crisis is not definitely solved. Greece unemployment rate in April 2013 was 26.9% compared to 23.1% in April 2012 and 26.8% in March 2013. The number of employed … Pokračovanie článku
China Hides Data
We had two announcements of central banks in the Europe. First was Bank of England with a new boss Mr. Carney. Second was ECB. The Bank of England mentioned that … Pokračovanie článku
Be Careful What Money You Have in the Bank
The last week meeting of EU finance ministers brought about new rules on bank collapses. The new rules are definitely inspired by Cyprus event. Under the new regime, banks’ creditors … Pokračovanie článku
Power of Central Banks Moved By Markets
Mario Draghi verbally intervened once again and does not hesitate to tell anything. He said that the ECB is considering further non-standard monetary policy tools and will deploy them if … Pokračovanie článku
More centralization
ECB decided not to make any changes to the policy and all rates remained unchanged. Mario Draghi said that ECB sees 0.6 % decline in GDP within Eurozone in 2013 … Pokračovanie článku
We Need Reforms
The European Central Bank warned about the risk of a renewed banking crisis. The main reasons behind are the euro zone’s slumping economy and a surge in problem loans. The … Pokračovanie článku
New Definitions
The ECB cut basic rates last week to proceed with verbal interventions this week as well. Mario Draghi said that they are ready to cut interest rates again if needed … Pokračovanie článku
ECB Confirmed Recession
At Bratislava´s meeting the Governing Council of the ECB rewrote the monetary history of Eurozone. Council decided to lower basic interest rates to 0.5 % starting from May 8th 2013. … Pokračovanie článku
Euro Will End in 5 Years
European Commission President Barroso started to criticize the austerity measures that the EU has imposed on the mainly Southern European members states in economic crisis. He stated that while the … Pokračovanie článku
UK and Germany Were Downgraded
Fitch Ratings has downgraded the United Kingdom to ‘AA+’ from ‘AAA’. The outlook is predicted as stable. The rating action reflects a weaker economic and fiscal outlook and possibility of … Pokračovanie článku
We Are Not Still Better Off
Euro zone finance ministers backed a 10 billion euro bailout for Cyprus and the European Commission would try to help the island’s economy grow again with better use of EU … Pokračovanie článku