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RBS - Is George's Heart Really In A Break-Up?

The UK government’s apparent volte-face over breaking up the 81%-taxpayer-owned Royal Bank of Scotland, revealed by chancellor George Osborne in his Mansion House speech on Wednesday evening, has clearly unnerved markets...

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Euro area economic forecasts: A little light at the end of the tunnel

The euro area remains in the second-deepest recession of its short history. Despite the emergence of a handful of “green shoots”, such as a pick-up in industrial activity and exports in certain countries at the start of the second quarter, sentiment remains...

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Achtung Abe!!

The recent volatility in Japanese financial markets has seen Abenomics come in for much (unwarranted) criticism. In turn, this has seen much greater scrutiny of the “third arrow” of Abenomics – the structural reform agenda...

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Floods in Germany: No impact on ECB policy

In August 2002 Germany was hit by one of its most severe floods in more than a century, causing total estimated damages of €9.2bn (around 0.4% of GDP). While the current floods are unlikely to be as damaging as those...

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Is Abenomics failing?

The recent volatility seen in Japanese financial markets has spawned plenty of column inches suggesting that it marks the point at which Abenomics was revealed to be a failure. In particular, the “spike” in JGB yields, it has been...

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