austerity

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Union Bancaire Privée: “let’s go for austerity but beware of inflation”

According to Patrice Gautry, UBP’s chief economist, we are now at the end of a cycle. The West’s growth rate has kept one step ahead of the spiral of debt that was fuelling it, but now we have reached the end of that road: household and national debt needs to be reduced. “As testified by the frantic talks among leaders, the mounting political and economic threats unequivocally call for higher…


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Distressed assets investors head to Spain for restructuring plans

Rumours of a super-toxic bank have been building up in Spain ever since the conservative People’s Party won the country’s general election by landslide. According to last weekend’s Bloomberg reports, “Spanish Prime Minister-elect Mariano Rajoy has asked for at least two papers from academics on how to create a so-called bad bank, according to two people with knowledge of the matter. “Both proposals outline mechanisms for a state-backed agency to buy soured assets…





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Adjustment Time for core Europe

France and Germany, the two core economies in Europe, need a correction like the rest of the eurozone countries. The French prime Minister Françoise Fillon on Sunday announced the second adjustment plan in four months, “ the most rigorous since year 1945”, whose aim is to obtain between six to eight additional billion euros. On the other hand, Angela Merkel confirmed that the German will benefit from a tax cut…


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“45.5% of Greeks would vote in favor in the austerity referendum”

According to surveys that JP Morgan analysts have carried out for their investors, this is what the Greeks believe at this moment: Impact of Europe summit in Greece: 44% negative; 15% likely to be negative; 36% positive or probably positive. The agreement is a great loss of sovereignty for Greece: 49% Greece should stay within the Euro: 73% Greece should return to the Drachma: Less than 20% The agreement with Europe should be approved by: absolute majority…


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"45.5% of Greeks would vote in favor in the austerity referendum"

According to surveys that JP Morgan analysts have carried out for their investors, this is what the Greeks believe at this moment: Impact of Europe summit in Greece: 44% negative; 15% likely to be negative; 36% positive or probably positive. The agreement is a great loss of sovereignty for Greece: 49% Greece should stay within the Euro: 73% Greece should return to the Drachma: Less than 20% The agreement with Europe should be approved by: absolute majority…