The European commission issued its Eurozone forecast update this week, only a couple of weeks later than the ECB, which had published its own forecasts in June. Both authorities agree that economic growth in the Eurozone will be somewhat weaker in 2019 compared to 2018 (1.2%, compared to 1.9%) owing primarily to the unpredictable nature Read more about Something’s Gotta Give #29: Eurozone 6M19 forecast[…]
The former President of the Republic of Cyprus passed away yesterday (I write this on Saturday). It was immediately declared that Tuesday (the day of the former President’s funeral) will be a public holiday. Why is that I wonder? Out of respect one would probably reply out of the top of their head. Which wouldn’t Read more about Something’s Gotta Give #26: Distinction[…]
It’s only been a couple of hours as I am writing this on Saturday morning, since the international news agencies have started reporting that the massive extradition protests in Hong Kong have achieved their initial objective: That of the suspension of the controversial plan to allow extraditions to mainland China. Of course, since the ultimate Read more about Something’s Gotta Give #25: Extradition protests in Hong Kong achieve their initial objective.[…]
Venezuela, the country with the largest oil reserves in the world, has been experiencing what is probably the most severe economic crisis in history, ever since President Maduro took over after the passing away of President Chavez in 2013. Although elections have been held twice since Mr. Maduro’s rise in power, endemic corruption and suppression Read more about Monthly Focus Point, Mar19-Apr19: The Venezuelan crisis deepens.[…]
Very interesting infographic showing in detail all of the current, as well as planned infrastructure developments of #CN, as part of its “Belt And Road Initiative”. China has become more and more aggressive in its economic expansion through strategic acquisitions all over Europe, something that has alarmed many #EU governments due to the increasing reliance Read more about Update on China’s “Belt And Road Initiative”[…]
The ECB announced after today’s meeting in Riga, that it will leave its Quantitative Easing (“QE”) policy unchanged, at EUR30b per month, until the end of Sep18, by which time it will cut it to EUR15b. The QE will then continue at the pace EUR15b per month until the end of Dec18 and then end. That being Read more about ECB announces end to QE hours after FED announced an increase in interest rates[…]
#IT 10-year bond yields rose to 2.2% today compared to 1.9% a week ago, in light of the possibility of the new coalition government requesting a debt haircut from its international creditors, in accordance ti their leaked draft proposals. View this post on Instagram A post shared by Marios Charalambous (@mnconsultingglobal) Worth-noting is that several Read more about #IT bond yields increase over concerns about new coalition government intentions[…]
I have many times in the past pointed out the importance of the rule of law in attracting investments to a particular country. As a matter of fact, I believe that it is more important than future economic prospects (which in their own turn, are also affected by the rule of law.) The #EC published Read more about Report on EU GDP/Investment ratios, 2007-2017[…]
The key issue for Greece to be in a position to continue on its own post-August 2018, was, is, and will continue to be the increase of private investment. And for private investment to pick up, trust in the rule of law and the national government’s willingness to proceed with structural reforms, are necessary conditions. Read more about 2018 OECD review of the Greek economy[…]
The US 10-year T-Bill has finally returned to 3% today, after years of offering returns between 1.5% and 2%. The 3% was hit about seven months after the #FED’s ending of its QE program last September. #ES and #IT yields have gone down over the last year. Both countries have benefitted from “Planet ECB’s” bond Read more about US 10-year T-Bill yield returns to 3% after five years. ECB announces no change in monetary policy.[…]
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