Open Europe Blog

Archives for eurozone. euro

ECB sterilisation fail

The ECB yesterday failed to fully sterilise its purchases of government bonds under the Securities Markets Programme (SMP).A quick recap – the sterilisation is designed to remove the same amount of liquidity from the financial system as the ECB introdu…

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ECB easing…

No, not the quantitative kind (not yet anyway), it is in fact the easing of the ECB’s collateral requirements, possibly substantially. The ECB has today released a few updated rules for its general documentation on collateral requirements (to come in…

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Over on Conservative Home Steve Baker highlights a new paper from two professors at ESCP Europe Business School, which demonstrates the huge level of interconnectivity between the debt problems of different EU economies. The paper suggests that countri…

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AKA the ECB…There’s been a lot of handbags between the ECB and EU leaders this week, after some leading EU politicians admitted that there could be some form of debt restructuring of Greek debt. Both Olli Rehn, EU Economics Commissioner, and Jean-C…

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Up, up and away…

That’s been the story with Greece’s debt and deficit figures for some time, particularly since it’s become almost customary for the figures to receive at least one upward revision on their original estimates. However, Eurostat’s latest figures …

Posted by Open Europe blog team