Not exact matches
The Italian crisis — the country's powerful political leader, the comedian Beppe Grillo, would probably call it «commedia dell «arte» — offers plenty of
interesting trading opportunities as long as you don't fall for the incongruous idea that this is the end of the
euro area.
Overnight, the European Central Bank held
interest rates steady amid signs the
euro area's growth outlook may have softened.
All the major countries had reduced
interest rates to unprecedented levels in the early part of this decade — 0 per cent in Japan, 1 per cent in the United States and 2 per cent in the
euro area — and they maintained this position for a prolonged period.
According to the Mr. Oliver, and presumably the PM, all governments in advanced economies (e.g., G7 countries, G20 countries, and the
EURO area) are unethical, because they all run deficits and have no
interest in eliminating them.
The
euro area's crisis has sparked «flight to safety» capital flows into Norway's highly - desirable investment assets, pushing the Krone currency to undesirable export - harming heights and forcing the country's central bank to cut
interest rates to stem the inflow.
It is no coincidence that the two main
areas which are experiencing negative
interest rates, sub-par growth and near - deflation — i.e. Japan and the Eurozone (plus the three
euro - linked economies of Sweden, Denmark and Switzerland)-- are also the economies where the major central banks have implemented flawed versions of QE.
As a reminder,
euro area banks» Net
Interest Income was EUR320bn in 2015, broadly stable over recent quarters.
Under the Ashdown formula, the Liberal Democrats have worked with Labour on
areas of mutual
interest, such as constitutional reform, but have opposed the Government in other
areas such as spending on health and education and preparation for the
euro.
David Cameron himself also called for EMU to be deepened like this, which is also in the
interest of the British economy, given 40 per cent of the UK's exports target the
euro area.