Maria Municchi -
Newspaper headlines: China Shares Wipe Out All Gains This Year (WSJ), European bourses join global sell off (FT) and the Daily Telegraph’s Black Monday, as the FTSE 100 headed below 6000 within minutes of the opening bell. So what has really been happening and what has been driving recent market… Read More »
State Street Global Exchange released the results of the State Street Investor Confidence Index® (ICI) for July 2015 The Global ICI decreased to 114.6, down 12.5 points from June’s revised reading of 127.1. Confidence among North American investors decreased with the North American ICI falling 20.6 points to 122.6, down… Read More »
Not only does Greece dominate in terms of the amount of coverage, but the coverage itself has a greater impact because there is a strong emotional element running alongside the facts The way information is presented to us influences how we think about it. This idea is known in behavioural… Read More »
Even if the Greek people did not vote against the Eurozone, they are clearly against additional austerity measures. Following this unexpected result, the capacity for the Greek government and its creditors to reach a deal in the coming days appears limited. While the timing is short and dissensions between European… Read More »
Philippe Ithurbide -
Greeks have decided to give their support to the Government and give the capacity to negotiate a better deal with the creditors With a percentage of voters at more than 61%, the “No” vote finally won. This paper is aimed at presenting the new stakes, the different scenarios and the… Read More »
The outcome of Sunday’s Greek referendum is uncertain. Regardless of the outcome, Greece will continue to face substantial economic dislocation in the shorter term. But, equally, our base case is that Greece will ultimately remain in the Euro area even in the event of a ‘No’ vote Referendum’s impact on… Read More »
The Greek sovereign debt crisis has deepened since last weekend. Standard & Poor’s addresses some of the mostfrequently asked questions on the subject Frequently Asked QuestionsYesterday you lowered the rating on Greece again, this time to ‘CCC-‘ with a negative outlook. Why?We interpret Greece’s decision to hold a referendum on official… Read More »
Ministers from eighteen euro area Member States and the institutions held an informal meeting to discuss the forthcoming expiration of the current EFSF financial arrangement with Greece, after the break-up of the negotiations with the Greek authorities. The strengthening of EMU has been instrumental in helping the euro area to… Read More »
New single payment is unlikely without financial assistance Late yesterday the Greek Government announced that it would delay four payments due to the International Monetary Fund (IMF) this month, rolling them up into a single €1.6 billon payment to be made on 30 June 2015. Prior to this amendment the… Read More »
The Queen’s speech reflects a shift in energy policy emphasis from low carbon, to energy security and economic growth. These don’t have to be mutually exclusive, but according to the time horizon being considered, one set of policies can distract from the longer-term priorities. The Government is keen to capitalise… Read More »
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