Greece

Euro Breakup Contagion Risk Is Exploding

With existential elections looming, Sentix Euro Break-up Contagion Index - a market measure of the contagion risk from one or more countries leaving the euro area within the next 12 months period - has hit its post-2012 record recently...

The Greek "Bank Jog" Is Back: Bank Deposits Tumble To Lowest Since 2001

Greek private sector bank deposits declined in January for the second month in a row, driven by renewed concerns over the country's neverending bailout. Business and household deposits fell by €1.63 billion, or 1.34% month-on-month to €119.75 billion ($126.8 billion), the lowest level since November 2001.

Frontrunning: February 28

  • Trump Puts the Final Touches on His Speech (BBG)
  • Trump to Make Case for Higher Military Spending, Lay Out Vision in Speech (WSJ)
  • Traders Are Glued to These Stocks Ahead of Tonight’s Trump Speech (BBG)
  • Trump Regulation Rollback May Threaten U.S. Firms' EU Access (Reuters)
  • GOP Health Plan Suffers Blow With Rejection by Key Republican (BBG)

The Cultural Purge Will Not Be Televised

"The idea that free speech has its limits somewhere around the point where it hurts somebody’s feelings is beyond idiotic and dangerous...Do you really want to live in a world where people sever business and personal relationships because a literal flash mob demands it? Where mobs get to pick and choose who you are allowed to associate with?"

Bundesbank Prepares For Record Losses Once ECB Starts Hiking Rates

Germany's central bank reported its smallest profit in more than a decade in 2016 after setting aside a record amount of provisions against future losses on the bonds it is buying as part of the ECB's stimulus programme, its annual report showed on Thursday. "It is fair to ask ... when we can take our foot off the monetary policy pedal," Bundesbank President Jens Weidmann said.

Eight Reasons Why The Dutch Election Matters

If 2016 was the year of the breakthrough, 2017 could see the status-quo fightback, with Europe likely to form the battleground ahead of pivotal elections. And, while next month's general election in The Netherlands may not be the biggest showdown of the year, the outcome could set the tone for 2017.