MADRID | By Tania Suárez | It is an acknowledged fact that the economy in the euro zone is getting better. Barclays analysts believe “the euro zone scenario is now more optimistic.” Clear evidence of this are PMIs and IFO data, which both improved last August. On the one hand, the PMI manufacturing index for the euro zone rose from 50.3 to 51.4 –the best level since July 2011. The IFO exceeded the market consensus expectations and went up from 110.1 to 112.
MADRID | By José Hervás, via capitalmadrid.com | If the ECB doubts about some countries’ institutions, the central bank must say so. But analysts and market players aren’t the right judges of European monetary policies.
MADRID | By Carlos Díaz Guell | Mario Draghi was accused of having become a trader, but the ECB governor is just giving the European Monetary Union enough time to implement reforms.
MADRID | By Daniel Álvarez, analyst at XTB | Let us be fair with Mario Draghi: he is in charge of an institution that, unlike its peers, has very restricted powers and legal barriers he has sorted with precision.
MADRID | By Luis Arroyo | Monetary policies are a by-product of politics, after all, and in Europe, politics are tightly controlled from Berlin, which will probably use the Fed’s reaction as example of what the ECB must do.
MADRID | By JP Marín Arrese | As we move into troubled waters following the FED intention to taper off its massive asset buying scheme, the ECB is bound to take bold steps to protect both the European economies and the common currency. Otherwise we may run into severe turbulences in the coming months.
MADRID | By Luis Arroyo | Why is the ECB not announcing further interventions, helping investor confidence to recover, offering strangled banks liquidity until they start providing credit again?
LONDON | City-based fund manager Pawel Morski (pseudonym) believes the EU is recognising it is moving towards a new regime of bailing in banks. For a non-template, he points out, the Cyprus solution drops some cracking clues as to Brussels’ priorities.
MADRID | Highlights of the speech by Mario Draghi, president of the European Central Bank, meeting Tuesday with members of the Spanish Parliament.
Governments and markets are anxiously waiting for Draghi’s words to know what the ECB plans to do. They might be deceived by the lukewarm message he is likely to deliver. Central bankers have a keen expertise in saying as little as possible. Greenspan was an outstanding master in playing that game. Draghi while following his path, still needs some training to develop a fully persuasive oratory laden with a string…