Data
IFR Eurozone Special Report Data (see the attachments) To see the digital version of this report, please click here To purchase printed copies or a PDF of this report, please email gloria.balbastro@thomsonreuters.com
Stimulating times: After years of bailouts, downturn, debt, fouls and penalties, it would appear the eurozone first team is finally showing signs of being ready to compete. The technical staff’s promise to do “whatever it takes” to keep the team together gave both players and supporters a lift. And after overcoming question of its legality, the additional stimulus provided by quantitative easing is providing additional confidence that they can cope should the team come unstuck once again.
To purchase printed copies or a PDF of this report, please email leonie.welss@lseg.com and shahid.hamid@lseg.com
IFR Eurozone Special Report Data (see the attachments) To see the digital version of this report, please click here To purchase printed copies or a PDF of this report, please email gloria.balbastro@thomsonreuters.com
Europe needs to implement reforms if it is to make the most of the signs of life that are being seen in the economy, but each country faces its own particular problems and a uniform approach to growth is bound to fail.
The market appears broadly to have welcomed the introduction of QE by the ECB but there is a view, shared by the bank, that more reforms are needed. Even so, it will be a while until any definitive assessment can be made.
The former soviet Baltic state of Lithuania was welcomed into the club of euro countries at its second attempt.
A surging labour market has helped to overturn the bleak outlook for Germany’s economy that is now fuelling hopes of a new era of eurozone growth.
The story of Greece’s flirtation with European defenestration is the story of Europe’s failures: the inconsistencies at the heart of the eurozone’s design, the solutions that have only made matters worse, and the reluctance to make any decision today that can be put off until tomorrow. Today, Greece stands on the brink of exit, as it has many times. Will this be the time it steps over the edge?
Austria is taking a firm stance on bad debts left by the bad bank from the Alpine region of Carinthia, leaving the appealing sovereign in a strong position.
While the ECB’s QE programme is widely considered to have stimulated demand in the bond market it is hard to come up with a scientific reason for the linkage, although it has driven a search for yield.
France has made significant progress in attracting private placements, with more than €12bn issued since 2012, but efforts to foster a pan-European market that could rival the US are taking time to get off the ground.