November 14, 2014
UK PM Cameron warns Russia of sanctions ahead of G20Over the past few days we have seen the situation in Ukraine begin to escalate once again. Both NATO and the Organisation of Security and Co-operation in Europe (OSCE) have said that they have witness…
Posted by Open Europe blog team
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EU-Russia relations, nato, osce, russia, sanctions, sovereign debt, Ukraine |
September 2, 2014
Given the recent escalation in Eastern Ukraine and the increasingly obvious Russian influence in the rebel forces, the EU looks set to impose further economic and financial sanctions on Russia. EU ambassadors met yesterday to begin discussing the optio…
Posted by Open Europe blog team
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EU foreign policy, EU-Russia relations, russia, sanctions, sovereign debt, Ukraine |
Over on his Forbes blog, Open Europe’s Raoul Ruparel asks: is there a bond bubble in peripheral Europe? The thurst of his answer is that, while there are good explanations for why costs have come down so far and so fast, they could certaintly have si…
Posted by Open Europe blog team
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cost of borrowing, deflation, ECB, inflation, interest rates, OMT, periphery, PIIGS, QE, sovereign debt |
Portugal this morning followed the lead set by Ireland and Greece and issued new debt for the first time since its bailout in 2011. Portugal managed to sell €750m of 10 year bonds at an average borrowing cost of 3.58% and with demand totalling €2.6…
Posted by Open Europe blog team
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credit rating, Die Welt, ECB, financial markets, germany, Portugal, sovereign debt |
There was an interesting poll in today’s FAZ conducted by INSA for Bild on whether Germans believe that eurozone crisis is over or not.The results were pretty comprehensive with 81% saying that they do not believe the crisis is over compared to 7% wh…
Posted by Open Europe blog team
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crisis, deficit, eurostat, eurozone, germany, sovereign debt |
April 10, 2014
It has been labelled by some as the “amazing comeback”. Greece has this morning sold €3 billion of five-year bonds at an interest rate of 4.95% – and the demand exceeded €20 billion. To be fair, the turnaround in investor sentiment with regards…
Posted by Open Europe blog team
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bond issue, eurozone bailouts, eurozone crisis, financial markets, Greece, sovereign debt |
February 25, 2014
The latest Commission economic forecasts are out and the theme of a broad but still fragile recovery (combined with some gentle self-congratulations on the success of the current approach) has been continued. For the most part the forecasts are not hug…
Posted by Open Europe blog team
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economic forecast, European Commission, inflation, interest rates, sovereign debt, unemployment, winter 2014 |
August 2, 2013
The IMF released its latest review of the Greek bailout on Wednesday. As might be expected it was a bit more critical than the version released by the European Commission and ECB a couple of days ago.As also might be expected the press has focuse…
Posted by Open Europe blog team
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debt relief, EU-IMF memorandum, Greece, Greek bailout, imf, official sector, OSI, PSI, sovereign debt, troika |
On Monday, Eurostat released its latest figures on public debt to GDP, which soared to a record of 92.2% in the eurozone in the first quarter of this year. Of all the eurozone members, only Germany and Estonia were able to reduce their debt levels in t…
Posted by Open Europe blog team
May 9, 2013
As we noted recently with the exclusive release of internal documents on the Financial Transaction Tax (FTT), even amongst those who are championing the proposal, there are a huge number of concerns. Well, those concerns are growing by the week, …
Posted by Open Europe blog team
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banking sector, financial regulation, financial transaction tax, FTT, german elections, germany, interbank market, sovereign debt, UK-EU relations |
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