The Anglo-German understanding prevailed today in Brussels and the European Union spending will be further cut, below the level proposed by the European Council President, Herman Van Rompuy, in November. Actual payments during the seven year period of 2014-2020 will be restricted to €908 billion, close to what Germany wanted and a bit more than […]Is a deal over EU budget possible today?
February 8, 2013 by Leave a Comment
The Anglo-German understanding prevailed today in Brussels and the European Union spending will be further cut, below the level proposed by the European Council President, Herman Van Rompuy, in November. Actual payments during the seven year period of 2014-2020 will be restricted to €908 billion, close to what Germany wanted and a bit more than […]South Eurozone countries threatened by rising borrowing cost and expensive euro
February 5, 2013 by Leave a Comment
A strange combination of the expensive euro (undermining external competitiveness) and worsening market conditions for sovereign borrowing by south European countries, are increasing the pressures on the four crisis stricken Eurozone member states, Greece, Spain, Portugal and Italy. In this way the positive developments of dropping risk premiums that prevailed since the beginning of the […]Can elections in Italy and Germany derail Eurozone?
January 30, 2013 by Leave a Comment
With Eurozone’s fiscal consolidation and financial supervision having being concretely scheduled for accomplishment within this year, investors and financial markets relaxed their fears over a possible disintegration of the single money zone and returned even to the Greek bond market. On the political front however still remain some dark spots over two anchor countries Italy […]European financial values on the rise
January 11, 2013 by Leave a Comment
No doubt the screams, mainly coming from English language media, economists and commentators about the possible dissolution of Eurozone have now subsided and only some late comers in the league of those who have bet on Eurozone’s destruction still try to salvage their wrecks, by predicting catastrophe. On the other side of the fence those […]Eurozone business activity again on upwards path
January 7, 2013 by Leave a Comment
Business activity in Eurozone has being deteriorating for the past nine months. Last December however the PMI, index which measures this phenomenon, gave the first indications that the bottom of the dreadful U curve is now behind. In detail, the Purchasing Managers’ Index (PMI) for the industrial sector, being drafted on data over the demand […]Eurozone 2013: Where to?
December 31, 2012 by Leave a Comment
In 2012, Eurozone not only managed to effectively counter its double-faced, credit and sovereign debt crisis, but also convinced the global financial community, that the single European currency is probably the safest deposit of value. The world responded positively by voting the euro at the region of 132 American cents. A fair price, to keep […]
