Europe

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Zombie Companies Littering Europe May Tie the ECB's Hands for Years

The plethora of companies propped up by the European Central Bank will limit policy makers’ ability to withdraw monetary stimulus that’s been supporting the continent’s bond market since the financial crisis, according to strategists at Bank of America C ...

Daily Headline - global.abi.org - 07/24/2017 - 21:12 - 0 comments

Banks Offering Easy Credit a Danger to ‘Everyone Else’

UK banks offering easy credit risk endangering “everyone else in the economy”, according to a high-ranking official at the Bank of England. Alex Brazier, who is a member of the bank’s Financial Policy Committee, warned in a speech on Monday that “pockets ...

Daily Headline - global.abi.org - 07/24/2017 - 21:13 - 0 comments

IMF Cuts UK Growth Forecast for First Time Since Brexit Vote Aftermath

The International Monetary Fund has cut its growth forecast for the UK economy in 2017, its first downgrade since the immediate aftermath of the Brexit vote last year, the Financial Times reported. In an update to its World Economic Outlook, the IMF ...

Daily Headline - global.abi.org - 07/24/2017 - 21:14 - 0 comments

Fasten Seat Belts, Europe is Unsafe at Any Speed

Five years ago this week, Mario Draghi’s landmark “whatever it takes” speech turned the tide of the euro crisis, the president effectively clarifying the European Central Bank’s role as a conditional lender of last resort to eurozone sovereign borrowers, ...

Daily Headline - global.abi.org - 07/24/2017 - 21:14 - 0 comments

How Italian Banks are Disadvantaged by New MREL Rules

It’s hard to be a confident investor in Italian bank debt. The recent rescues of Monte Paschi di Siena, Popolare Vicenza, and Veneto Banca are simply the latest reasons over the past few years. Markets have responded by cutting off bond funding to Italia ...

Daily Headline - global.abi.org - 07/23/2017 - 21:57 - 0 comments

European Stocks Extend Losses as Euro Hits New Highs

A “raging bull” euro was weighing on European stocks on Friday, with Germany’s Dax among the worst-hit as indices across the eurozone extended their early losses, the Financial Times reported. The Europe-wide Stoxx 600 was down around 0.4 per cent at publication time, with industrial groups and producers ...

Daily Headline - global.abi.org - 07/23/2017 - 21:58 - 0 comments

IMF Pushes for ‘Realistic’ Greek Debt Relief After approving Cash Injection

The International Monetary Fund is keeping the pressure on in Greece, the Financial Times reported. Having approved “in principle” a largely symbolic cash injection for the country, the IMF is pressuring its eurozone partners to provide more realisti ...

Daily Headline - global.abi.org - 07/23/2017 - 21:59 - 0 comments

Hazardous Non-Performing Loans Obstruct Europe’s Banking Union

With the French presidential contest out of the way, market concerns around political risk in Europe have dissipated, the Financial Times reported. Enjoying the best macroeconomic environment since the crisis, Europe may be at the onset of a few gold ...

Daily Headline - global.abi.org - 07/20/2017 - 21:21 - 0 comments

Greek Assets Calm Ahead of IMF Bailout Vote

traded bond prices have slipped back slightly today while Athens stock exchange has gained 0.5 per cent. ...

Daily Headline - global.abi.org - 07/20/2017 - 21:22 - 0 comments

Easy Money Saved This Italian City. Soon, It Will Run Out

As Europe’s era of easy money slowly draws to a close, the talk in Frankfurt and London is of bond yields, exchange rates and core inflation. In this medieval city at the foot of the Apennines, it’s all about trains. A stimulus program by the European Ce ...

Daily Headline - global.abi.org - 07/20/2017 - 21:23 - 0 comments

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