Announcements
Drinks
16/9/2024 Research EN
The Draghi report: political stalemate and Europe’s productivity gap curb growth outlook
Political deadlock in Germany and France limits the prospect of implementing fundamental reforms proposed by the Draghi report, which, together with Southern Europe’s productivity gap, challenges Europe’s growth outlook.
12/9/2024 Research EN
Belgium: stable government and policy coordination key for budget consolidation
Belgium’s next federal government could become better aligned with the provincial administrations in Wallonia and Flanders, improving the prospects for reducing the budget deficit and stabilising public debt.
5/9/2024 Research EN
France: political uncertainty weighs on public finances and funding conditions
Political uncertainty, a challenging fiscal outlook, and the rising divergence in funding conditions between France and other core euro area sovereign borrowers underscore the importance for political stability and reform efforts to reduce the deficit.
4/9/2024 Research EN
Germany: regional elections raise concerns about sustained political gridlock, economic growth
Electoral success of populist far-right and far-left parties in Thuringia and Saxony highlights Germany’s fragmenting political landscape as mainstream parties lose ground. Looming policy uncertainty could delay regional budgets and slow economic growth.
1/8/2024 Research EN
The Wide Angle: Building a labelled EU MidCap Bond market should be a CMU priority
EU policymakers remain steadfast in their conviction that deploying bank and institutional capital and retail savings through frictionless banking and capital markets union will create economic security. An EU MidCap Bond market should be a priority.
30/7/2024 Research EN
Italy: fiscal consolidation needed as foreign investors’ share of bond holdings set to rise
The proportion of Italian sovereign debt held by foreign investors, a potentially less stable source of demand than the ECB and residents, is rising and will make Italy more susceptible to changes in market sentiment in coming years.