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  • Europe risks 'Japanese-style deflation' - 28 Aug 2014

    Fears for Japanese-style deflation in Europe after worsening economic data.

  • Scepticism on New Development Bank - 26 Aug 2014

    Two thirds of OMFIF advisers are doubtful about the impact of the new Brics development bank, according to our latest poll.

  • Darling scores victory of head over heart - 6 Aug 2014

    Last night’s live Scottish independence debate in Glasgow saw arguments of the head triumph over those of the heart.

Europe risks 'Japanese-style deflation' (1)

'Europe is stuck in a really difficult place', David Marsh told CNBC 'World Exchange'. 'Germany is hit on two sides.' Uncertainties in the east with sanctions are compounded by lower growth in Germany's traditional No.1 trading partner France. 'It is heading for a crunch.' Marsh says Germany is considering tax cuts and spending increases in an effort to stoke domestic demand.

  • Click here to see the interview
  • Scepticism on New Development Bank

    A quarter thought the bank will have next to no impact, with one respondent expecting a 'massive damp squib' of a bank, 'hamstrung by bureaucracy and process.' Nearly 40% of respondents felt that the new Brics bank will have limited impact, while 27% took a more confident view, saying the bank will pose a challenge to the Bretton Woods institutions.

  • For more views on the NDB, see our Poll.
  • Darling scores victory of head over heart  (1)

    With just over six weeks to go until the September 18 referendum, the Scottish independence campaign entered the last lap as Alastair Darling and Alex Salmond went head-to-head over key issues facing voters in a live STV-hosted debate.

  • Click here to read the full Commentary
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    Commentary

    • Merkel under European pressure

      by David Marsh | Mon 1 Sep 2014

      Europe's below-target inflation is putting pressure on policy-makers to act. Quantitative easing is one option, though it would meet fierce opposition in Germany; waiting for the ECB's liquidity measures to take effect is another. In the meantime, eurosceptics have made a breakthrough in Germany, adding pressure for change.

      MARKET: Europe

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    • Concern over euro area divergence

      by John Nugée | Wed 27 Aug 2014

      The shake-up in the French government, like latest disappointing growth figures, demonstrate Europe's problems. Mario Draghi’s words at Jackson Hole suggested that the answer is beyond central bankers. There is fundamental divergence between the richer and poorer members of monetary union. Success will be elusive until their goals are aligned.

      MARKET: Europe

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    • Berlin takes line of least resistance on France

      by David Marsh | Tue 26 Aug 2014

      For Michel Sapin, the French finance minister, economic and financial tensions between France and Germany may recall the monetary spats of his earlier career under President François Mitterrand and Chancellor Helmut Kohl. But today's German and French leaders lack the common understanding of their predecessors, which make questions of reform and growth across Europe still more fraught.

      MARKET: Europe

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    • Joyless time as Europe returns from holidays

      by Denis MacShane | Tue 19 Aug 2014

      Europe’s governments, above all the embattled administration of President François Hollande, have much on their agendas, from low growth and rising euroscepticism to multiple foreign policy strains. The difficulties in appointing members of the new European Commission mark just the beginning of struggles ahead.

      MARKET: Europe

      OMFIF - HomePage
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    CHART OF THE WEEK

    World central bank reserves by region

    by William Baunton

    The rise of central banks’ reserves (including gold).

    World central bank reserves by region

    Empire State survey of manufacturing

    by Gabriel Stein

    US manufacturing outlook remains decent

    Empire State survey of manufacturing

    Italian trend output growth

    by Gabriel Stein

    Recessions are normal for Italy.

    Italian trend output growth

    Chinese interbank rates

    by Gabriel Stein

    People's Bank of China (PBoC) gives with one hand, takes with the other.

    Chinese interbank rates - 4.8.14 (1)
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    Advisory Board Poll

    Panellists sceptical on New Development Bank

    26 Aug 2014: Two thirds of OMFIF advisers are doubtful about the impact of the new Brics development bank, according to our latest poll.

    Panellists sceptical on New Development Bank
    View All Polls