The Good Bad and Ugly from the European Council
Tags: European CouncilECBESMEFSFEurocrisisSpainItalybanksThe short but important conclusions from the all night summit of Euro area leaders can be found here.First the good news, four very important...
View ArticleThe Eurogroup provides a reality check
Tags: EurogroupBanking UnionECBSpainItalyEuropean CouncilThe last sentence of the European Council Communique from the June meeting simply states “We task the Eurogroup to implement these decisions by...
View ArticleSpiking Skywards? Tackling rising yields in the Eurozone
Tags: ECBEurocrisisItalySpainYieldsESMSMPEFSFSpiking skywards? Tackling rising yields in the EurozoneThe Eurocrisis is once again dominating the headlines. Renewed talk of a Greek exit, record yields...
View ArticleThe ECB gives a tiny glimmer of hope, not more!
Tags: ECBBond BuyingESMEFSFSpainItalyEurocrisisFollowing Mario Draghi’s remarks last week in London, wherein he promised that the ECB stood ready to do ‘whatever it takes’ to save the Euro, as long as...
View ArticleThe limits of ECB intervention
Tags: ECBEurocrisisLTROYield CapsSpainItalyRedenominationThis piece was first written and circulated on the 2nd of September and appeared as a comment piece in Le Monde on the 10th of September The...
View ArticleHas the Euro Crisis turned a corner?
Tags: EurocrisisECBRedenominationDeposit FlightAusterityThis piece was written on the 14th of September and appeared as an Op-Ed in the Wall Street Journal on the 20th of SeptemberMarkets have been...
View ArticleEurope's Sham Banking Union
Tags: Banking UnionDeposit GuaranteeCapital InjectionEurocrisisECBNote: This is a longer version of what appeared as an opinion piece in the Wall Street Journal on the 1st of Feb 2013After a year in...
View ArticleA Eurozone-wide IMF programme could save both
Tags: IMFEurocrisisGermanyECBConditionalityAusterityGreeceNote: This piece has been built on Re-Define's public call for an IMF program for the Eurozone as published in the FT in 2012.The IMF,...
View ArticleEverything you wanted to know about the ECB QE
Tags: ECBQEDraghiSovereign BondsInflationEurocrisisWhat will the ECB announce today?The ECB will announce broad outlines of a programme of Quantitative Easing today. The programme itself will focus on...
View ArticleECB's Draghi finally delivers on "whatever it takes"...
Tags: ECBQEDraghiEurocrisisSovereign BondsInflationToday the ECB has finally arrived as a truly “European” Central Bank. It has acted against political opposition to deliver what is by most measures an...
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