Category Archives: Euro-zone Update

ECB Report 2015Q2 – ECB Rates, Balance Sheet, QE & Tgt2 Balances Amid Greek Crisis

For reasons discussed previously, this post presents and briefly discusses a number of variables pertaining to the activity of the ECB from its inception until now. Particular focus is put on the more recent events of the last quarter and … Continue reading

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A New Phase in Euro-Zone Crisis – Zero Coupon Perpetuities for Greece?

I don’t have an enormous amount of time to consider the implications of the Greek election yesterday in a tremendous amount of detail. So the following are my thoughts, disorganised and potentially incoherent.

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A note on the Feasibility ECB Quantitative Easing

Recent comments from the ECB about potential attempts to mitigate a decrease in inflation through QE have led to an increased interest in the articles posted on this website about the SMP and the CBPP. However, such interventions were pursued for different … Continue reading

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The Latest Greek Deal – Another Indictment of Intergovernmentalism

This will be a short one about the latest example of the uselessness of intergovernmentalism… So after two failed attempts at finding common ground on Greece on November 13th and on November 20th, the Eurogroup finally came to a provisional … Continue reading

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ECB Market Intervention: Outright Monetary Transactions (“OMT”) – A Preliminary Assessment

Last Thursday, September 6th, the ECB introduced its new goverment bond purchasing programme, known as the Outright Monetary Transactions (“OMT”). If you are interested in getting the information from the lion’s mouth, you can watch the press conference here,read its transcript here and get the … Continue reading

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