Now that the threat of a near-term breakup of the euro area has disappeared, thanks largely to the ECB’s OMT programme, thoughts have turned to the outlook for the ECB’s monetary policy...
Following a steady improvement in business sentiment in recent months, yesterday’s flash PMIs provided a reminder of the fragile state of the euro area’s recovery.
A triumphant return to bond markets for peripheral banks has grabbed the headlines at the start of the new year. But a less-discussed phenomenon has been the scarcity of new debt issues from fundamentally healthier banks in countries...
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