The eurozone economy has almost ground to a halt after being hit by a downturn in Germany’s vital manufacturing sector.Business conditions in German factories fell to their worst level in a decade in September, according to a survey of executives produced by data analysts IHS Markit.This raises the risk...
“In a couple of weeks’ time, a group of international debt inspectors will land in Athens, where they will gain access to the Greek government’s accounts and pore over its policy proposals for what may be the final time. If this team of forensic economists comes away satisfied with...
Talking Points: - Inflation data from across the world will continue to illustrate the impact that the decline in oil prices have had since October 2018. - Q4’18 Canadian GDP will be lower thanks to the drop in energy prices, and there is a chance that the US government shutdown in...
This is an excerpt from the economic discussion document launched by MEP Matt Carthy on October 27, entitled The Future of the Eurozone. Download the full document for a referenced version of Chapter One, below. BACK IN 1929 when the Wall Street crash hit, the response of then-US President Herbert...
The Eurozone Economy It's been obvious for some time that the eurozone economy is weak. How much is the basic structural weakness of the system itself and how much a cyclical turn is more a political question than an economic one for us investors. That the economy seems to...
The principle of ‘solidarity’ was a key feature of debates during the Eurozone crisis and the migration crisis, but the way in which the term was used differed in both cases. Drawing on a new study, explains that while the concept of solidarity is often assumed to be owned...
If you are are a UK business that regularly sells into the eurozone as part of your business model, or occasionally receive an invoice euro, having a pool of funds in the relevant currency to trade with will not only allow you to avoid foreign exchange fees, it should...
As economic clouds darken once more, a eurozone without risk-sharing remains a eurozone at risk. Marcello Minenna The Franco-German summit in Deauville in October 2010 established that eurozone member states’ management of the risk of public and private debt would not benefit, in the first instance, from external assistance from the institutions of the European Union....
The European Central Bank has released a sweeping stimulus package as it tries to inject fresh life into the eurozone, which has been battered by Brexit uncertainty and a trade war slowdown. The central announced it would cut its key deposit rate by 0.1pc — in line with expectations, but...
By Neil Dooley Nearly ten years on from the first Greek bailout, the countries of the eurozone periphery have exhibited markedly divergent recoveries. A popular narrative attributes the contrasting recoveries of Greece and Ireland to their divergent enthusiasm for following EU rules on structural reforms and austerity. In contrast, my...