With the great amount of debate, chatter, and serious analysis about the EU’s financial rescue of Cyprus from insolvency and potential departure from the eurozone, many wonder if the EU policy emerging from the Cypriot “bail out” will have a lasting impact on the political and economic integration of the Europe. In John Sydney Hopkins view, the EU rescue of Cyprus will be seen as a milestone event with a lasting impact on the EU’s ability to manage the process of integration.
Those €120 billion deposited in the ECB
LONDON | Why would eurozone banks still have up to €120 billion deposited with the ECB, instead of using them to prop up businesses and consumption? At zero percent interest rate?
Investors appetite for Spanish economy: will it last?
MADRID | By David Fernández | Foreign investors are showing a sudden interest in assets made in Spain due to, among others, central bank’s last data, Europe’s decision to delay the deficit commitment by two years and international factors such as second-round monetary helicopter launched by the Bank of Japan. Will this trend vanish?
Where’s the ECB when the euro needs it?
MADRID | The eurozone is trapped in internal conflicts that prevent the European Central Bank to compensate, as it should, the fluctuations of money demand.
Spanish banks cut again ECB loan addiction
The Spanish banks’ correction in February was 5.2 percentage points higher than the average in the eurozone.
Has the ECB really done its best to fight the eurocrisis?
MADRID | By J.L.M. Campuzano | Fitch’s decision to downgrade Italian debt from A – to BBB + last Friday didn’t come as a big surprise. Nor did the negative outlook. However, it does pose a warning about the fundamental problems of this country and of the rest of the eurozone, where authorities and investors are currently showing a disturbing complacency/conviction in a better future.
Monetary policy of the future
BARCELONA | By CaixaBank research | Compared with its pre-crisis size, the balance sheet of the Federal Reserve in the US has tripled while the European Central Bank’s has only doubled.
“Now it’s time the European Central Bank showed how independent it is”
MADRID | By Tania Suárez | Profim EAFI’s head of financial analysis José María Luna said in an interview for consensodelmercado.com that the ECB should cut interest rates the sooner the better.
How eurozone’s central bank saved Lloyds
LONDON | Behind the option of recovering the public investment made in Lloyds TSB, a possibility sounded today by Whitehall amid better priced bank stocks, there is the European Central Bank. But British taxpayers will probably never know.
The European Central Bank temporarily relieves tension
The prime ministers of France and Portugal announce further adjustments for 2013, as Spain did before. But, analysts at CaixaBank note, the lack of detail isn’t encouraging for investors or other euro zone partners, despite the support the ECB promises.
