Eurozone’s credibility rock solid

José Manuel Barroso, President of the EC (centre), and the College of the EC hosted a delegation from the Irish Government led by Enda Kenny, Irish Prime Minister (left), and Eamon Gilmore, Irish Deputy Prime Minister and Minister for Foreign Affairs and Trade. Discussions focused on the Irish Presidency of the Council of the EU, due to start in January 2013. The leaders agreed that the top priority had to be Growth, and discussed the Commission's proposal for a banking Union. (EC Audiovisual Services).

The European Stability Mechanism (ESM) issued yesterday its first short-term debt paper (bills), which met an unprecedented success in this capital market auction. The bid/cover ratio was 3.2. This means that for every euro of this debt issue, investors offered 3.2 euros. The bills mature on 4 April 2013. In detail this ESM’s bill issue […]

A very good morning in European markets

Börse Frankfurt

Despite the fact that the American Congress endorsed the agreement needed for the US to avoid the “fiscal cliff”, the dollar didn’t seem to recover and continued on its mild downward tendency with the euro, a path that started three weeks ago, with the finalisation of Greek package. In the US the agreement negotiated between […]

The Chinese solar panels suddenly became too cheap for Europe

A photovoltaic powerplant in Portugal, covering fertile land.

On 6 September 2012 the European Commission introduced an anti-dumping investigation on imports of solar panels and components originating from China. Understandably the present market conditions, including selling prices of solar panels in the European Union, have been there for many years. More than ten. That is, from the moment that a number of EU […]

Markets are more sensitive to Greece’s woes than Merkel

German Chancellor Angela Merkel enjoying an exposure to the Press

    Greece’s three official creditors, the International Monetary Fund,  the European Central Bank and the European Union are actually two and in last analysis only one, the ECB. In reality all the other sixteen Eurozone governments plus the EU institutions and the IMF, haven’t given away not even one cent to Greece. They have only issued guarantees […]