Europe - Economic Data & News 13 (Dec 16 - Dec 20)

Europe - Economic Data & News 13 (Dec 16 - Dec 20)

Postby winston » Mon Dec 05, 2016 7:29 am

All eyes on Italy as EU faces unclear prospects

Yesterday saw the Italian constitutional referendum. That should hold risk for the financial markets but the reaction seems to be muted, apart from the euro falling.

Because the spread between Italy and German government bonds is gradually expanding, the market still has some concerns.

However, even if the Italian vote becomes the third "black swan" in financial markets this year, will it really bring short-term volatility?

The worst case is a comprehensive defeat, then there will be an opportunity to make the populist party Five-Star Movement become the ruling party in the general election in 2017.

What is of most concern will be the unclear prospects for the European Union and the euro area.

Italy has a chance to take off and the Italian government will have the opportunity to default in the face of rising debt at the same time.

Another situation is that the referendum this time means reformist Prime Minister Matteo Renzi continues to take the helm until his term expires in 2018, but his political influence will be weakened. So there are still many uncertain factors looming in Italy.

The ideal result would be a narrow victory for Renzi. That would ensure political stability in Italy until the 2018 election. Any result means change for Italy, but the fastest change will not appear until 2017.

Even if an optimistic situation results, does it mean Italy can completely solve its problems? The 2018 election still faces a big barrier, which means even if the referendum result falls the way the European Union wants this time, will Europe escape the collapse crisis in two years?

So my thoughts are that the short- term influence of the referendum is limited, but in the long run, no matter what the result is, there is still a potential crisis.

Source: Andrew Wong Wai-hong, The Standard
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Re: Europe - Economic Data & News 12 (Jul 15 - Dec 16)

Postby behappyalways » Mon Dec 05, 2016 6:35 pm

Matteo Renzi: Italy PM resigns after referendum defeat
http://www.bbc.com/news/world-europe-38204189
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Re: Europe - Economic Data & News 12 (Jul 15 - Dec 16)

Postby behappyalways » Tue Dec 06, 2016 7:04 pm

Italy's Vote Was the Latest Stupid Referendum
https://www.bloomberg.com/view/articles ... referendum


Could the European Union fall apart?
http://www.bbc.com/news/world-europe-38212049
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Re: Europe - Economic Data & News 12 (Jul 15 - Dec 16)

Postby winston » Wed Dec 07, 2016 7:09 am

Did Italy just kill the European Union ?

Source: Daily Crux

http://thecrux.com/did-italy-just-kill- ... ean-union/
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Re: Europe - Economic Data & News 12 (Jul 15 - Dec 16)

Postby behappyalways » Thu Dec 08, 2016 8:08 pm

2016.12.04文茜的世界財經周報/奧重選總統在即 反移民候選人聲勢看漲
https://www.youtube.com/watch?v=KKAB_walFsk
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Re: Europe - Economic Data & News 12 (Jul 15 - Dec 16)

Postby behappyalways » Fri Dec 09, 2016 6:44 pm

It comes as China takes action to choke off a property bubble and rein in shadow banking. The world's three big monetary blocs will all be draining liquidity at the same time.

Europe's comfort blanket is being pulled away
http://www.telegraph.co.uk/business/201 ... lled-away/
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Re: Europe - Economic Data & News 12 (Jul 15 - Dec 16)

Postby behappyalways » Thu Dec 15, 2016 8:29 pm

(To be in debt at least till 2060??? Might as well default....)


Just days after eurozone finance ministers agreed measures designed to shave 20 percentage points off the country's debt share by 2060, the group reversed its decision, citing concerns that recent spending measures announced by the Greek prime minister Alexis Tsipras would hamper agreed budget targets.


Greece's row with eurozone deepens as creditors halt debt relief
http://www.telegraph.co.uk/business/201 ... bt-relief/
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Re: Europe - Economic Data & News 12 (Jul 15 - Dec 16)

Postby behappyalways » Tue Dec 20, 2016 2:02 pm

Italy seeks 20bn euros for banks as Monte dei Paschi flounders
http://www.bbc.com/news/business-38374998
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Re: Europe - Economic Data & News 12 (Jul 15 - Dec 16)

Postby behappyalways » Wed Dec 21, 2016 6:48 pm

Germany's Nightmare, Merkel's Nightmare
http://www.spiegel.de/international/ger ... 26856.html
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Re: Europe - Economic Data & News 12 (Jul 15 - Dec 16)

Postby behappyalways » Wed Dec 28, 2016 2:24 pm

Monte dei Paschi sees funding gap grow
http://www.bbc.com/news/business-38442342
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