And more from the ECB…

By Mike Peacock
November 22, 2013

The bombardment of European Central Bank interventions continues today. ECB chief Mario Draghi addresses the European Banking Congress in Frankfurt and any number of his colleagues break cover elsewhere.

ECB cacophony

By Mike Peacock
November 21, 2013

A round of European Central Bank policymakers speeches this week can be boiled down to this. All options, including money-printing, are on the table but it will be incredibly hard to get it past ECB hardliners and neither camp sees a real threat of deflation yet.

Taking the union out of banking union?

By Mike Peacock
November 15, 2013

Today’s meeting of EU finance ministers will grapple with banking union and next year’s stress tests though with no German government in place, a leap forward is unlikely.

Brussels looks warily at German surplus

By Mike Peacock
November 13, 2013

Barring a last minute change of heart, the European Commission will launch an investigation into whether Germany’s giant trade surplus is fuelling economic imbalances, a charge laid squarely by the U.S. Treasury but vehemently rejected by Berlin.

United on banking union?

By Mike Peacock
November 11, 2013

Reuters reported over the weekend that Angela Merkel’s Conservatives and the centre-left SPD had agreed that a body attached to European finance ministers, not the European Commission, to decide when to close failing banks.

Strongly vigilant?

By Mike Peacock
November 7, 2013

An alarming drop in euro zone inflation – to 0.7 percent from 1.1 percent – throws today’s European Central Bank policy meeting into very sharp relief. Not since the central bank cut interest rates in May has it been under such scrutiny.

Take-off has been delayed

By Mike Peacock
November 6, 2013

Euro zone services PMIs and German industry orders data will offer the latest snapshot of the currency bloc’s economy which the European Commission now forecasts will contract by 0.4 percent this year and grow just 1.1 percent in 2014 – hardly escape velocity, in fact barely taxiing along the runway.

It’s all Greek

By Mike Peacock
November 4, 2013

The EU/IMF/ECB troika is due to return to Athens to resume a review of Greece’s bailout after some sparring over budget measures.

A question of liquidity

By Mike Peacock
October 31, 2013

The Federal Reserve’s decision to keep printing dollars at an unchanged rate, mirrored by the Bank of Japan sticking with its massive stimulus programme, should have surprised nobody.

Stress, stress, stress

By Mike Peacock
October 23, 2013

The European Central Bank will announce the methodology which will underpin the stress tests of about 130 big European banks next year.