A deal was reached on the early hours of 22 July between Greece and its international creditors, regarding the former’s request for debt relief, on the occasion of the end of its macroeconomic adjustment program. Both sides issued statements of satisfaction after the deal, with Klaus Regling, the head of the Eurozone’s bailout fund, going Read more about Monthly Focus Point: Jun18-Jul18[…]
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.[…]
Great map created by GFK, showing the purchasing power in various regions of #Europe. Apart from the evident East-West and North-South discrepancies, other points of interest to note are: East-West discrepancy in Germany (#DE) is still very much real; So is the infamous gap between Italy’s (#IT) north and south; Catalonia and rest of Spain Read more about European purchasing power, March 2018[…]
This is a research published on an annual basis and which I have been following over the last three years. Year after year, analysts are surprised with the strong performance of Piraeus, Greece’s largest port and yet there are no signs of its expansion slowing down. Just last week, COSCO (the new management ever since Read more about Top 15 EU container ports, 2017[…]
Latest #DSA on #GR. The underlying assumptions have changed little from the previous exercise, so I will not repeat them. Scenarios: A-Base, B&C-Worst, and D-Best case. Just to get a feeling about how vulnerable to downside risks the Greek economy is, and why it should continue to be financed through low-interest loans from the #ESM Read more about Greek Debt Sustainability Analysis update, January 2018[…]
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