Speciale, Alessandro, (2017), “ECB Worried About the Euro? Economists Say ‘Not So Much’”, Bloomberg Markets, 5 Σεπτεμβρίου European Central Bank Governing Council member Ewald Nowotny said last week that the euro’s recent rise shouldn’t be “over-dramatized,” a notion that economists seem to agree with. The euro has surged more than 13 percent against the dollar this year. In terms of the real exchange rate against the euro area’s major trading partners (a …Read More
Speciale, Alessandro, Skolimowski, Piotr, Tartar, Andre, (2017), “Draghi Seen Acknowledging Euro Gains at September Decision”, Bloomberg Markets, 3 Σεπτεμβρίου Mario Draghi won’t miss the opportunity to mention the euro’s recent appreciation as he prepares to reconfigure the euro area’s stimulus settings, economists say. The European Central Bank president will express concern about the currency’s strength, a Bloomberg survey shows. While he declined to address the exchange rate last month at his appearance in …Read More
Schmidt, Christoph M., (2017), “How to Renew the European Project”, Project Syndicate, 1 Σεπτεμβρίου The French presidential and legislative elections earlier this year have instilled new hope in the European integration project, by raising the prospect of deeper Franco-German cooperation. And yet some forms of cooperation, not least shared-liability schemes, would be a mistake. As long as member states have sovereignty over fiscal and economic policymaking, France and Germany should …Read More
Η Καθημερινή/Reuters, (2017), “Toν Οκτώβριο αναμένονται οι ανακοινώσεις ΕΚΤ για το QE”, 2 Σεπτεμβρίου Οσοι αναμένουν κάποια συνταρακτική είδηση από τον Μάριο Ντράγκι για την πορεία του προγράμματος ποσοτικής χαλάρωσης των 2,3 τρισ. ευρώ, μετά τη συνεδρίαση της Ευρωπαϊκής Κεντρικής Τράπεζας (ΕΚΤ) την προσεχή Πέμπτη, μάλλον θα απογοητευθούν. Για να μάθουν κάτι νεότερο, θα πρέπει να περιμένουν έως τον Οκτώβριο. Αναλυτές προβλέπουν ότι θα ανακοινωθεί τον επόμενο μήνα η παράταση …Read More
Bonhomme, Stéphane , Hospido, Laura, (2017), “The cycle of wage inequality in Spain: The impact of the boom and bust in the housing market”, VoxEU, 4 Σεπτεμβρίου The link between the rise in unemployment and the housing market in the US during the Great Recession is well documented. This column shows that in the case of Spain, the rise and fall in demand for construction workers following developments within the …Read More
Caparusso, John, Goel, Rohit, Kerry, Will, (2017), “More Action Needed on European Bank Profitability”, IMF Blog, 30 Αυγούστου European banking has made considerable progress in the past few years: Banks have built up capital, regulation is stronger and supervision has been enhanced. But profitability remains weak, posing risks for financial stability. In a sample of more than 170 large European lenders with combined assets of $35 trillion, roughly half generated …Read More
Eurostat/Euro area unemployment at 9.1%/31 Αυγούστου 2017 Τhe euro area (EA19) seasonally-adjusted unemployment rate was 9.1% in July 2017, stable compared to June 2017 and down from 10.0% in July 2016. This is the lowest rate recorded in the euro area since February 2009. The EU28 unemployment rate was 7.7% in July 2017, stable compared to June 2017 and down from 8.5% in July 2016. This remains the lowest rate …Read More
European Commission/August 2017: Economic Sentiment continues to rise in the euro area, broadly stable in the EU/30 Αυγούστου 2017 The Economic Sentiment Indicator (ESI) for the euro area rose again in August, increasing slightly by 0.6 points to 111.9, its highest level in more than 10 years. The indicator for the EU remained broadly stable (-0.3 points to 111.9), just below its 10-year high of July. Σχετικές Αναρτήσεις European Commission, (2016), …Read More
Bloomberg View, (2017), “Getting Serious About Europe’s Fiscal Future”, 31 Αυγούστου In her re-election campaign, which seems to be going well, German Chancellor Angela Merkel has so far succeeded in avoiding controversy over a potentially divisive issue: the European Union’s fiscal prospects. After the election, this question will refuse to be ignored. Σχετικές Αναρτήσεις Rogoff, Kenneth, (2017), «How Long Can the Eurozone Survive Without Greater Integration?», Project Syndicate, 14 Ιουνίου Enderlein, …Read More
Eurostat/Euro area annual inflation up to 1.5% /31 Αυγούστου 2017 Euro area annual inflation is expected to be 1.5% in August 2017, up from 1.3% in July 2017, according to a flash estimate from Eurostat, the statistical office of the European Union. Σχετικές Αναρτήσεις Eurostat/Annual inflation stable at 1.3% in the euro area/17 Αυγούστου 2017 Eurostat/Annual inflation down to 1.3% in the euro area/17 Ιουλίου 2017
