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: Spain
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
Italy is the same as Spain
Will the crisis trigger anti-environmental agenda? Who knows but e.g. Antonio Tajani, the European industry commissioner stated that “I am in favor of a green agenda, but we can’t be … 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
Furious Merkel
Does Europe remains focused on austerity and structural changes as its preferred strategy to deal with crisis? Most likely not. Why? The European Union statistics office on Wednesday noted that … 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
Week of Weak Announcements
It was the week of central bank announcements – Japan (we will describe it below), Britain and ECB. Bank of England and ECB policy remained unchanged which means that interest … Pokračovanie článku
After Cyprus
The rescue package for Cyprus finally consists of a 10 billion euro bailout from the ESM and it has one crucial condition of taxation all deposits larger than 100,000 euros … Pokračovanie článku
Will be Cyprus Rubicon moment?
I think that the Cyprus situation was a dominant one during the last week. I do not want to bother you with the same information you already read somewhere else … Pokračovanie článku
Nothing is weaker than strong Brussels rules
The Governing Council of the ECB decided that main interest rates will remain unchanged. The reasons behind the decision were facts as repayment of 22% of the LTRO program which … Pokračovanie článku
You could bet. Will it be Spain or Italy which breaks the Eurozone first?
Outcome of Italian elections has caused a chaos within the Eurozone. European leaders were honestly sad because of stalemate political situation in Italy. You could see during first days of … Pokračovanie článku