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Polish banks to stay stable despite Swiss-franc ruling

Location:

POLAND

Banks had hoped to share with borrowers the at-least USD5bn cost of making provision for Swiss franc mortgages. These mortgages were common prior to 2008, due to low interest…

Tax exposes fiscal challenge facing Italy’s coalition

Location:

ITALY

The measure sent bank stocks tumbling and ignited intense political debate, after which the government partially backtracked. The displays the ad-hoc nature of Meloni's economic…

Hungary will struggle to mend its fiscal woes

Location:

HUNGARY

This is the lowest monthly widening since the start of 2023. Hungary aims to curb its 3.9% of GDP budget deficit in order to avoid being placed under the EU’s Excessive Deficit…

UK inflation dilemma will challenge policy and markets

Location:

UNITED KINGDOM

The UK economy has struggled more than its EU and North American counterparts since the pandemic, and the Bank of England (BoE) has been criticised for initially underplaying the…

ECB balance sheet reduction raises fragmentation risks

Location:

INTERNATIONAL

At USD8.3tn, the ECB’s balance sheet is on a par with that of the US Federal Reserve (Fed). To date, the ECB's QT has focused on banks repaying loans taken from the ECB since 2019…

Commercial property poses risks for narrow focus banks

Location:

EUROPE

Banks in larger EU states are heavily exposed to European and US CRE markets, which have further to fall in 2024. Writedowns are underway, dealing a blow to sentiment and harming…

Fast fashion industry growth diminishes ESG gains

Location:

INT

Post-pandemic, UFF companies have further increased the speed of production and distribution cycles to achieve record sales, while the main fast fashion brands are trying to…

Romanian fiscal and external deficits will remain wide

Location:

ROMANIA

Romania is among the member states liable to the EDP. Although its debt is relatively low at 47.9% of GDP, Romania has wide budget and current account deficits, yet its tax-to-GDP…

State asset sales will boost Romanian capital market

Location:

ROMANIA

The sale is the largest initial public offering (IPO) in Europe this year and the largest on the Bucharest Stock Exchange (BVB). It has attracted new investors and increased…

UK stock market revival plan will struggle for success

Location:

UNITED KINGDOM

The United Kingdom, Europe’s longtime leader in raising private equity (PE) and venture capital (VC), has lost ground to rivals. Hunt's proposals aim to shift pension fund…