Tag Archives: Portugal

3 lessons from the Scottish referendum: the insult, the fear and the pork – where to from here?

This post could have also been named “How to campaign: confirmation bias, framework effects and the flypaper effect“. But I’m trying to go for a less academic tone these days, so I thought I should at least give the post … Continue reading

Posted in European Integration, European National Politics, History, Uncategorized, Visions of the Political Future of Europe | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

How Will Europe’s Crisis End? And When?

This post is based on a report I wrote some time ago about the future of the Euro-Zone crisis. It is divided in four parts: The first offers a recap of the crisis until May 2013. No details as to … Continue reading

Posted in European Integration, Finance, Risk Scenario Analysis, Sovereign debt Crisis, Uncategorized, Visions of the Political Future of Europe | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Will Catalonia Become Independent Soon?

My answer to the question is no. Eventually I think it will, but not soon. Here’s why:

Posted in Current Events, European Integration, European National Politics, Risk Scenario Analysis | Tagged , , , , , , , , , , | 15 Comments

Divergence in the Euro-Zone: Famous, Obscure and Predictable Facts

In a previous post about the theory of optimum currency areas (OCA), asymmetric shocks, structural problems and the intrinsic need that this creates for the institution of a fiscal union, I argued that incomplete by monetary unions (i.e.: lacking a … Continue reading

Posted in Economic Concepts, Euro-zone Update, European Interdependences, Uncategorized | Tagged , , , , , , , , , , , , , , , | Leave a comment

The Next Euro-Zone Crisis – The “France-Germany-Greece-Portugal” Disconnect in 2012Q3

I recently wrote a series of posts on the political, economic and social risks in Europe. There was a lot of information in it so it took me some time to digest them. Having done so, I have come to … Continue reading

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ECB Market Intervention: The Securities Market Programme (SMP)

Update: As of September 6th, 2012, the SMP was discontinued and the assets held in its accounts were transferred assimilated by the Outright Monetary Transactions (OMT) accounts. For a preliminary assessment of the OMT, please check this blog post. Otherwise, … Continue reading

Posted in Aides Memoire, ECB, Economic Concepts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | 13 Comments

Weekly Bond Yield developments in the Euro Area (W8.2012): SMP, Greek bailout, PMIs,noise, forecasts and Italian Debt auctions

Sovereign debt market developments this week were marked by 6 main events: The ECB’s first week without purchases under the SMP (on Monday) The achievement of a deal for the second bailout package for Greece, between Monday and Tuesday The … Continue reading

Posted in Current Events, Weekly Bond Yield developments in the Euro Area | Tagged , , , , , , , , , , , , , , , , | 1 Comment

ECB Market Intervention: Covered Bond Purchasing Programme (CBPP)

Having looked at the tools available to the ECB, at its balance sheet, and at the transmission of monetary policy into the interbank lending market.after considering financial market failures due to Fractional Reserve Banking, overlending and VaR, I would like … Continue reading

Posted in Aides Memoire, Banking, ECB, Economic Concepts | Tagged , , , , , , , , , , , , , , , , , | 10 Comments

Weekly Bond Yield developments in the Euro Area (W4.2012): Greece Negotiations and Portuguese Yields

In the week that that passed the Euro-Zone economy was marked by an emphasis (of the media and of analysts) on positive data releases, both in Europe and in the USA. On the down side, fruitless Greek PSI negotiations caused … Continue reading

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Portuguese Labour Market Reforms: The Table of Contents

The Portuguese Government reached a “Growth, Competitiveness and Employment Compromise” today with social partners (employers and employee organisations). The daily “Sol” made a copy of the text available online, in Portuguese. Labour market reform is extremely important for the recovery … Continue reading

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