The achievements of the common course of the single currency in their countries, but also the lessons from the economic crisis and the challenges for the coming years are examined, in a joint article, by the members of the Eurogroup in the context of the celebration of the 20 years of the euro. The article […]
Tag: euro
Ebury: Huge reversal of central bank priorities
By Enrique Diaz – Alvarez, Chief Risk Officer * The Federal Reserve made it clear at its December meeting that it was increasingly concerned about inflationary pressures, and the dollar reacted accordingly, rising against every G10 currency. Sterling also took part in the rally, as the Bank of England surprised the markets again, suddenly raising […]
ECB: Change of euro banknote designs in 2024
New designs for banknotes are being promoted by the European Central Bank to renew their theme after twenty years in circulation. The ECB will redesign the banknotes in cooperation with European citizens, in a process that is expected to lead to a final decision in 2024. The redesign process will begin with the creation of […]
Because Turkey should adopt the euro
Turkey could adopt the euro, which would allow it to resolve the balance of payments crisis, soaring inflation and the fall of the pound, writes Asli Karahan-Ay, head of investments at Lioness Capital. This decision will also be in the interest of the European Union for the stabilization of the country and the re-attachment of […]
At 16-month high the dollar amid expectations of a rise in US interest rates in 2022
The US dollar reached a 16-month high and the strongest level in more than four years against the yen after Joe Biden’s decision to nominate Jerome Powell for a second term as head of the Federal Reserve, boosting market expectations that US interest rates will increase in 2022. The dollar hit a 16-month high of […]
The euro is close to a 16-month low after the Merkel ‘bell’ for the coronavirus
The euro is at a 16-month low amid growing concerns about the impact of new restrictions on Covid-19 in Europe, as Austria launches a full lockdown and Germany thinks the same. Angela Merkel told members of her conservative party that the measures taken to stem the pandemic in Europe’s largest economy were inadequate and needed […]
A-quant: High inflation worries markets
Inflation in the US for October was announced at 6.2%, a price that is high for many decades. Concerns in international markets are beginning to mount as inflationary pressures appear to be more pronounced than expected and fears are mounting that the problem will not be as temporary as the central banks expected. It makes […]
At a 16-month high the dollar in the wake of inflation data
The dollar is climbing 16-month highs against the euro and other currencies, while the yen is slipping to multi-year lows in the wake of data released yesterday in the US and showed a jump in inflation to the highest level since 1990, rekindling expectations for a faster rate hike by the US Federal Reserve. The […]
Abengoa Requests A Rescue From Sepi For 249 Million To Save Its Business
Abengoa has requested from the Sociedad Estatal de Participaciones Industriales (SEPI) the rescue of its company Abenewco 1, to which it transferred the most valuable assets and activities of the parent company, for an amount of € 249 million, as reported by the company to the National Securities Market Commission (CNMV). Specifically, the company has […]
German businessmen and teachers denounce the ECB’s aid program against Covid before the Constitutional Court for financing the States
The action of the European Central Bank (ECB) has once again been the subject of a complaint before the German Constitutional Court, this time for its emergency assistance program (PEPP) against the effects of the coronavirus crisis. The complaint was received on Monday in Karlsruhe, as reported today by a TC spokesperson The 140-page complaint […]
