By Luis Arroyo, in Madrid | The European common currency has become poisonous for almost everyone else but Germany. Check below a chart coming from the International Monetary Fund, which shows that not even other core euro economies (that is France) have been able to profit as much as Germany. It also renders perfectly understandable [...]
The European Investment Bank could be the answer to austerity exhaustation
LONDON | Were the tide changing within the shaken frontiers of the European Monetary Union, austerity-driven core euro nations could do worse than open the European Investment Bank’s window to let some fresh capital aid in. Barclays analysts said Friday in a note to investors that using the EIB to complement budget constrictions would be [...]
Écouter! French PMI drops most since November 2008
MADRID | Afi analysts drew today investors’ attention to the widening divergence between the manufacturing cycle of the European Monetary Union and other economic blocs. PMI figures of the manufacturing sector fell again in the euro zone’s aggregate indicator, slipping into activity contraction levels. Apart from China’s, the rest of PMI numbers are either consolidated or [...]
Clouds over France
France’s economy is coming to a standstill. The Conference Board Leading Economic Index (LEI) for France declined 0.6 percent in September to 112.8 (taking 2004 as benchmark), following a 0.5 percent decline in August, and a 0.3 percent decline in July. The Conference Board Coincident Economic Index (CEI) for France, a measure of current economic activity, though, was unchanged [...]
