Davos, Switzerland: Financial markets have been obsessing for months about the timing, size and structure of a European Central Bank bond-buying programme that seems likely to be unveiled today.
But business leaders, policymakers and celebrity academics gathered at the World Economic Forum in Davos had a message for all the “quantitative easing” (QE) enthusiasts: don’t count on the ECB to resolve Europe’s economic woes. Continue reading
Tensions in the eurozone’s largest economies could pull the region apart next year, as a number of political risks could bubble over, according to Nordea
The latest instalment of the eurozone crisis could be back on the table as early as next year, as political tensions threaten to boil over.
Several potential breaking points in the euro area have been identified by the Nordic bank Nordea, each of which could create new rifts in an already fractured monetary union.
Jan von Gerich, chief strategist for developed markets at the bank, said that “even though many of the risks may seem remote, there are plenty of them”.