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Extensive ECB response will reduce depth of recession

Location:

INTERNATIONAL

Far from being nonplussed by Germany’s Constitutional Court ruling of May 5 that the ECB’s Public Sector Purchase Programme (PSPP) may be illegal, it doubled the programme on June…

There is no easy solution to the German-ECB conflict

Location:

EU/GERMANY

Germany-ECB tension.

The ECB will be slow to expand unconventional policy

Location:

EU

While the Governing Council is divided over the issue, President Christine Lagarde appears to favour more active fiscal policy by member states to stabilise the European economy.

EU leaders will be constrained by deepening divisions

Location:

EU

EU institutions.

The opportunity for euro-area reform is closing

Location:

EU

Euro-area governance.

Scenarios for European growth are narrow

Location:

GERMANY/EU

European economic outlook.

The international strength of the euro will grow

Location:

EU

The proposals identified areas where the euro could potentially become more dominant, such as the issuance of green bonds, digital currencies, and international trade in raw…

EU recovery deal offers hope for stability

Location:

EU

The recovery fund will consist of loans worth EUR360bn and grants worth EUR390bn that will be financed by European Commission borrowing. The main objective is to provide…

Prospects for the euro-area in 2022

Location:

PROSPECTS 2022

This forecast implies the continuation of this year's rapid recovery into 2022. However, it depends on some risks abating, particularly with regard to inflation, and hence…

Catalan independence would unsettle financial markets

Location:

SPAIN

The turmoil triggered by the unauthorised Catalan independence referendum on October 1 will weigh on Spain’s recent strong growth performance, test the coalition governments of…