OECD sees global growth slowing, as Europe weakens and risks persist

The global economy is slowing and major risks persist, with growth weakening much more than expected in Europe, according to the OECD’s latest Interim Economic Outlook.‌ Economic prospects are now weaker in nearly all G20 countries than previously anticipated. Vulnerabilities stemming from China and the weakening European economy, combined with a slowdown in trade and […]

Seize the opportunities of digital technology to improve well-being but also address the risks

Digital technology can improve our lives but it also poses a major risk of widening social inequality and blocking opportunities for people without the skills to navigate the online world safely, according to a new OECD report. A mix of technical, emotional and social skills is a pre-condition for people to combine their digital and […]

Risks rising in corporate debt market

This article is brought to you in association with OECD. Global outstanding debt in the form of corporate bonds issued by non-financial companies has hit record levels, reaching almost USD 13 trillion at the end of 2018. This is double the amount outstanding in real terms before the 2008 financial crisis, according to a new OECD […]

‘Safe Eurobonds’: a new trick to betray the south euro area countries

All along the years after the 2008-2010 financial crisis, which in the European Union took the form banking/government debt breakdowns starting with Greece, there were cries for the creation of a solid Eurozone. In every respect, these calls amounted to demands that super prosperous Germany accepts some degree of risk-sharing with the rest of the […]

Germany objects to EU Commission’s plan for a Eurozone bank deposits insurance scheme but Berlin could go along

Last Tuesday the European Commission aired a groundbreaking proposal, about the creation of a euro-area wide insurance scheme for bank deposits. In this way the European Banking Union will start having a meaning for the average European. It’s a plan for a European Deposit Insurance Scheme (EDIS) which is meant to complete the Banking Union […]

Eurozone banks to separate risky activities: Can they stay afloat?

Yesterday EU Commissioner Michel Barnier, in an interview to the German financial newspaper ‘Handelsblatt’, said that the European Commission has decided to go ahead and propose legislation to safeguard Eurozone’s banking system, along the lines of the recommendations of the high-level expert group, chaired by Erkki Liikanen, governor of the Bank of Finland. The main […]