Euro-Area Interest Rates: To Zero and Beyond?
There has been some speculation that the European Central Bank (ECB) may soon push its deposit rate into negative territory.
read moreCracks Appear in Europe’s Credit Rally
We’ve seen some dramatic price moves in the riskier European bonds since 26 July, when European Central Bank (ECB) president Mario Draghi assured the markets that “whatever it takes” would be done to save the euro.
read morePolicymakers Powerless to Stem Capital Flight from Spain
Capital flight from Spain is accelerating. As foreign investors and banks pull massive sums out of the country, policymakers look powerless to stop it.
read moreEuro Area: Locked in a Cycle of Market Pressure and Policy Response
The European Central Bank (ECB) has raised the prospect of a more effective bond-purchase programme. Unfortunately, it may require additional market pressure for governments to unlock that support.
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Draghi’s Dilemma: How to Meet
Heightened Expectations
European Central Bank Governor Mario Draghi has raised expectations ahead of this week’s ECB Governing Council meeting.
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Is Germany an Example Other
Euro-Area Countries Can Follow?
Germany may have the strongest economy in the troubled euro area, but the euro has not been a massive “free lunch”, as some critics claim. Germany’s strength has come at the cost of many painful years of sacrifice.
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The Opportunity in European
High-Yield Financials
European bond markets have been volatile in recent months, with high-yield financials suffering some of the worst turbulence. But we’ve seen this kind of volatility before, notably in 2008/2009. That bloodbath was followed by a highly lucrative rally.
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The European Bond Markets Today:
Be Selective, Be Risk-Aware
Continued uncertainty and volatility are forcing European bond investors to think on their feet. But there are ways to generate yield without taking excessive risk.
read moreGreece Gains Some Breathing Space
Today, New Democracy (ND) leader Antonis Samaras will try to form a government. If he succeeds, an immediate disaster scenario will have been avoided. The question is: for how long?
read moreGreek Election Will Be a Watershed in the Euro Crisis
As Greek voters prepare to go to the polls on Sunday, we are approaching a pivotal stage in the sovereign-debt crisis—and, perhaps, in the post-war history of European economic and political integration.
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