Richard McGuire, head of rates strategy at Rabobank, warns in a weekly note to clients that the groundwork is being laid in Europe for a crisis accelerant down the road.
…
Friday, Germany’s constitutional court refrained from issuing a ruling on the legality of the European Central Bank’s Outright Monetary Transactions (OMT) program, which has been credited with restoring calm to eurozone financial markets since the summer of 2012.
Read more: http://www.businessinsider.com/the-most-likely-threat-to-markets-2014-2
Related Posts
- 10000Germany's Constitutional Court will refer a complaint against the European Central Bank's flagship "unlimited" bond-buying plan to the European Court, removing the prospect of it curbing the program. The court said on Friday there was good reason to think the scheme "exceeds the European Central Bank's monetary policy mandate and thus…
- 74Here is what you need to know now as Greece enters a pivotal week in its testy relationship with the Eurozone: 1. Greece’s most immediate – as in first thing Monday morning – source of danger is its banking system. To compensate for accelerated deposit flight, the European Central Bank…
- 70Sorry, if you’ve heard this before, but it is crunchtime for Greece and its international creditors. Indeed, things haven’t been this dire since the last time they were this dire. But cynicism aside, it is clear that Greece is running out of money and eventually default will be unavoidable…
- 62The European Union is experiencing an existential crisis, as the European elections will soon brutally remind us. This mainly involves the eurozone countries, which are mired in a climate of distrust and a debt crisis that is very far from over: unemployment persists and deflation threatens. Nothing could be further…
- 53Can you guess where most Chinese nationals are in Europe ? The answer is Italy. Who lives where in Europe? Nationalities across the continent mapped People of many different countries are now living in Europe, with the continent's residents coming everywhere from Jamaica to Tuvalu. Using data from 2011 censuses we have mapped…