ltro hides true state of misery in eurozone
The ‘sticking plaster’ provided by the ECB’s longer-term refinancing operation (LTRO) is hiding some stark truths, which Hermes’ Neil Williams aims to reveal with his ‘Misery Indices’.
The ‘sticking plaster’ provided by the ECB’s longer-term refinancing operation (LTRO) is hiding some stark truths, which Hermes’ Neil Williams aims to reveal with his ‘Misery Indices’.
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Merrill Lynch’s Bill O’Neill assesses the latest European Central Bank’s loan measures, stressing that banks are still not lending as much as he would like to see.
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Once upon a time, in a kingdom not so far from here, there was a group of chums who thought it a great idea to strengthen their friendship through a shared currency.
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The ECB is likely to cut interest rates back to 1% in coming months as the Greek crisis lacks any near-term resolution, according to commentators.
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Max King suggests investors are right to be sceptical about the outcomes of the recent eurozone crisis meetings but there are still plenty of investment opportunities to come.
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Europe’s political leaders failed to agree the detail of a plan to resolve the region’s debt crisis at the weekend’s summit, with a further meeting scheduled for Wednesday (26 October).
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Michael Howell talks about a 1930s-style recession when looking at what he describes as a “suicidally-low levels of ECB liquidity”
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The IMF and European Central Banks have fallen out over the region’s banks’ sovereign debt exposure.
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Ratings agency Moody’s has cut Portugal’s long-term government debt to below investment grade.
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Europe’s relative success in dealing with its debt problems is creating positive market sentiment.
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Deutsche Bank’s European economic heads argue the ECB is right to resume its debt-buying programme.
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The BoE and the European Central Bank have both kept their headline rates of interest on hold.
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