20 de outubro de 2014

Portugal: troika statement on the Sixth Review Mission (EC|ECB|IMF)

Statement by the EC, ECB, and IMF on the Sixth Review Mission to Portugal: Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Lisbon during November 12 - 19 for the sixth quarterly review of Portugal's economic program. ...

Weidmann: bancos devem estar limitados no valor que podem emprestar aos Estados (BBG)

A união bancária é apontada por Rajoy e Hollande como uma grande solução para a crise. Weidmann, governador do banco central alemão e membro do conselho de governo do BCE, num discurso hoje em Frankfurt, considerou que a união bancária, se concretizada correctamente, é um pilar duma união monetária estável. "Mas é ela a chave da solução da ...

Draghi, on monetary financing: "that's not going to happen!" (EU Parliament)

At a hearing in the European Parliament this morning, the President of the ECB, Mario Draghi, was bombarded with questions about the conditionality of the OMT program. Draghi said that the ECB can not replace the lack of action from governments with monetary financing: "that's not going to happen!" ...

Draghi: "Without conditionality you would certainly have fiscal dominance" (BBG)

At the press conference of the ECB after the monthly meeting of the Governing Council, yesterday, Mario Draghi, President of the Central Bank, an Italian, to explain the different roles of the conditionality of the OMT program, used the damning words: "moral hazard". Draghi argues that conditionality is an essential part of the OMT: "First ...

Draghi: conditionality "doesn't necessarily have to be punitive" (ECB)

When asked this afternoon on the kind of conditions that Spain would incur if the country asks for a bailout, Mario Draghi said that conditionality "doesn't necessarily have to be punitive". He explained that an MoU is the way to ensure political support of all Euro zone countries and thus justify an eventual intervention from the ECB, with ...

Central Banks: the new era of global easing and the domino effect (WSJ)

The recent strengthening of monetary easing by the Federal Reserve and the Bank of Japan can create a domino effect around the world, in which all central banks will have to move their pieces on the chess board, or risk being left behind only by doing nothing. This is one of the implications of the size of the dollar in the world and the ...

Merkel and Schaeuble on a knife edge to support Draghi (WSJ)

Lately headlines suggest fights and/or divisions between the German government and the central bank. On the one hand, the Bundesbank, an institution respected by the German public opinion, true to its own monetary policy, and on the other, Chancellor Merkel and Finance Minister Schaeuble. On the government side, Merkel and Schaeuble are ...
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Edição Diária 17.Abr.2014

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