January 10, 2012
We’ve already reviewed what the latest draft version of the fiscal compact means for the UK (not much good) being the first in the UK to publish the draft of the compact (beating the Telegraph by a hair). But let’s not forget what the treaty is sup…
Posted by Open Europe blog team
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bail-out, economy, EU summit, eurozone. euro, finance, sovereignty |
November 30, 2011
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…
Posted by Open Europe blog team
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ECB, emu, eurozone. euro, germany, QE, smp, sovereign debt, sovereignty |
November 9, 2011
Things have gotten very bad, very quickly for Italy this morning. Italy’s 10 year borrowing costs opened at 6.8%, already very high but many expected some quick ECB bond buying to help bring it down substantially. However, with the ECB nowhere in sig…
Posted by Open Europe blog team
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berlusconi, crisis, emu. bail-out, eu, eurozone. euro, finance, italy, sovereign debt, sovereignty |
September 21, 2011
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…
Posted by Open Europe blog team
August 19, 2011
Angela Merkel and Nicolas Sarkozy’s pledge on Monday to save the euro, with the help of some cosmetic distractions, called economic policies, certainly haven’t won over the markets this week, nor Europe’s people nor their fellow EU leaders.
Last…
Posted by Open Europe blog team
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eurozone. euro, financial transaction tax, France, germany, Merkel, Poland, Sarkozy |
August 5, 2011
Given the stock market free fall and bond market turbulence we’re seeing, the question over whether the ECB could actually embark on an effective round of Quantitative Easing (QE) has become a pertinent one. We’re not so sure it could (leaving asid…
Posted by Open Europe blog team
July 8, 2011
Just thought we’d highlight some interesting comments on various aspects of the eurozone crisis, given the sheer volume of pieces out there.Leading economist Kenneth Rogoff talking about Greece on BBC Hardtalk:“I don’t think there is any question t…
Posted by Open Europe blog team
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bail-out, credit rating, crisis, default, eu, eurozone. euro, sovereign debt |
May 23, 2011
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…
Posted by Open Europe blog team
May 20, 2011
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…
Posted by Open Europe blog team
April 27, 2011
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
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