The Euro Zone Needs More Risk Sharing, But Fewer Risks

The Euro Zone Needs More Risk Sharing, But Fewer Risks

French President Emmanuel Macron and German Chancellor Angela Merkel say they want to make the common currency area more resilient and adaptable, but their two countries have traditionally disagreed over how that should be achieved. Can crack economists from the relevant countries solve the problem for them? They are giving it a shot — but […]

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Euro at Risk if PMI Data Stumbles, Confident BOE May Lift Pound

Euro at Risk if PMI Data Stumbles, Confident BOE May Lift Pound

Talking Points: Euro at risk if disappointing PMI data cools ECB tightening speculation Pound may rise as hawkish BOE rhetoric compounds Brexit-linked gains US Dollar looks to January’s FOMC meeting minutes to extend recovery The preliminary set of February’s Eurozone PMI surveys is also due to cross the wires. The region-wide composite gauge is expected […]

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Italian Risks to the Eurozone

Italian Risks to the Eurozone

Key Points Italy’s forthcoming parliamentary elections must produce a government committed to solving the country’s crippling economic problems via far-reaching reforms. Judging by Italy’s poor economic performance since 2000, it would seem that adopting the euro as its currency in 1999 was a big mistake. However, leaving the euro at this stage would not seem […]

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SpaceX rocket launches Luxembourg satellite for NATO

More EU bank risk-sharing needed, no permanent transfers planned: Centeno

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S&P 500 Vs. Euro Stoxx 600 And Exchange Rates

S&P 500 Vs. Euro Stoxx 600 And Exchange Rates

Today is an important day for equities. After a sharp sell-off earlier this month, stocks staged a recovery last week. The recovery has stalled near retracement objectives, which could be a potential turning point in the market. The Dow Jones Stoxx 600 peaked on January 23 and dropped about 9% through February 9. Through yesterday, […]

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Mercialys: Successful Euro 300 Million Bond Issue

Regulatory News: Mercialys (Paris:MERY) has today successfully issued an 8-year Euro 300 million bond. This operation is for general corporate purposes and enables Mercialys to secure the future redemption of the Euro 479.7 million bond issue maturing in March 2019. It follows the Euro 150 million private placement carried out in November last year. The […]

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Latvia exposes euro zone's money-laundering holes

Latvia exposes euro zone’s money-laundering holes

Latvia exposes euro zone’s money-laundering holes – Breakingviews ⚠ Breakingviews.com requires the use of cookies. Please enable cookies in your browser settings. The U.S. has accused the country’s third-largest bank of busting North Korean sanctions. This triggered outflows and an ECB payment freeze. Euro members Malta and Cyprus have also faced criticism for poor oversight. […]

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Euro zone consumer confidence falls in February from 17-year high

Euro zone consumer confidence falls in February from 17-year high

BRUSSELS (Reuters) – Euro zone consumer confidence fell by more than expected in February from a 17-year high in January, a flash estimate for the European Commission showed on Tuesday. The Commission said that consumer sentiment fell to 0.1 points from a revised 1.4 points in January. Economists polled by Reuters had on average expected […]

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Bulgaria

Bulgaria’s Formoplast shareholders authorise board to issue 10 mln euro bond

Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic. SOFIA (Bulgaria), February 20 (SeeNews) – Bulgarian plastic and rubber products manufacturer Formoplast [BUL:4F8] said on Tuesday its shareholders have authorised the board of directors to issue corporate bonds worth up to 10 million euro ($12.4 million). Formoplast’s board of directors now has the right to […]

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EUR/USD 1H Chart

Potential of Euro Reversal Higher Near Term

The returns of American investors will increase volumes in forex and create the possibility of reversals near term. Euro Weaker in Early Trading The short-term range of the Euro has not been for the faint of heart. This morning the Euro is near 1.2360 versus the U.S Dollar, after coming off of highs seen last […]

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EIB lending 75 mln euro loan to Romania

EIB lending 75 mln euro loan to Romania’s Banca Transilvania to support SMEs

EIB, Banca Transilvania to support corporate investment in Romania BUCHAREST (Romania), February 20 (SeeNews) – The European Investment Bank (EIB) said on Tuesday it is lending 75 million euro ($93 million) to Romania’s second-largest bank Banca Transilvania [BSE:TLV]. This is the first tranche of an approved loan of 150 million euro to Banca Transilvania to […]

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UPDATE 2-Euro zone yields up as ECB speculation mounts

UPDATE 2-Euro zone yields up as ECB speculation mounts

LONDON (Reuters) – Euro zone government bond yields edged up on Tuesday as market speculation swirled over the next European Central Bank chief at a time when monetary policy is the main threat for bond markets. Euro zone finance ministers on Monday chose Spanish Economy Minister Luis de Guindos to succeed ECB Vice President Vitor […]

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EU backs Romania with 1.3 bln euro for railway upgrades

EU backs Romania with 1.3 bln euro for railway upgrades

Peter Gudella/Shutterstock.com BUCHAREST (Romania), February 20 (SeeNews) – The European Commission is providing 1.3 billion euro ($1.6 billion) to Romania for a railway modernisation project, it said. The money, made available under the EC Cohesion Fund, will be invested in the upgrade of a railway section linking Curtici, located on the border between Romania and […]

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SpaceX rocket launches Luxembourg satellite for NATO

UPDATE 1-Euro zone yields up as ECB speculation mounts

(Refiles to change day to Tuesday from Wednesday in first para) * Draghi could be succeeded by more “hawkish” ECB chief * Euro zone yields edge back towards multi-year highs * U.S. auctions put upward pressure on yields * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr By Abhinav Ramnarayan LONDON, Feb 20 (Reuters) – Euro […]

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