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  • Bank of Greece hails doubled export share – Tue 23 Jun - 6 Jul 2015

    Greece doubled its world export share since 2010, Bank of Greece Governor Yannis Stournaras told OMFIF in Athens.

  • Stevens mulls financial stability mandate - 30 Jun 2015

    Financial stability may eventually outstrip price stability in central banking mandates, Reserve Bank of Australia Governor Glenn Stevens said.

  • Greek debt relief 'could bring contagion' - 22 Jun 2015

    Greek debt relief would cause contagion through damaging other weaker countries' finances, says OMFIF Briefing.

Bank of Greece  hails  doubled export share – Tue 23 Jun

Bank of Greece Governor Yannis Stournaras told an OMFIF meeting in Athens his country nearly doubled its share of extra-EU goods exports since 2010. He said the OECD ranked Greece in first place in responsiveness to structural reform recommendations.  

  • Bank of Greece speech
  • Stevens mulls financial stability mandate (1)

    At an OMFIF Lecture in London, Glenn Stevens underlined the link between interest rate policy and over-leverage.  It was not impossible, he said, that in 10 years the goal of monetary policy could be changed from price stability to financial stability alone. 

  • Read the speech here
  • Greek debt relief 'could bring contagion'

    Acres of column inches have been expended on Greece and the future. Here are eight succinct truths to guide observers through the next few days.

    Read the full article here.

  • Eight truths about Greece and the future
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    Commentary

    • Tsipras’ temporary triumph

      by David Marsh | Mon 6 Jul 2015

      Tearing up the rules of Brussels conduct, Tspiras and Varoufakis have outmanoeuvred and divided the surplus states by constantly re-engaging from unexpected, demanding and outrageous battle positions. Greece faces a wrenching period of infighting and pain, during which devaluation-stamped banknotes, rationing of high street goods and exchange controls enforced by armed police will be only the least of the ills.

      MARKET: Europe

      OMFIF - HomePage
      View Commentary
    • The Byron beckons

      by Meghnad Desai | Mon 6 Jul 2015

      Greece can pursue structural reforms, but at its own pace, not that of its masters. With fortune and a fair wind, the arduous way forward can start here. Alexis Tsipras and Yanis Varoufakis played a weak hand superbly. This will inspire parties in Italy and Spain to flex their muscles. The French Socialists may rediscover their courage.

      MARKET: Europe

      OMFIF - HomePage
      View Commentary
    • What’s at stake in the referendum

      by Loukas Tsoukalis in Athens | Fri 3 Jul 2015

      Greeks must say a resounding Yes to Greece’s European future. Afterwards the Greek people must begin the process of reconstruction, drawing the right lessons from past mistakes. Otherwise there will be absolutely no hope for the future.

      MARKET: Europe

      OMFIF - HomePage
      View Commentary
    • IMF credibility on line over Greek debt

      by Desmond Lachman in Washington | Fri 3 Jul 2015

      A No vote could presage a Greek exit from the euro, raising questions over the design of the IMF’s past Greek lending programmes and over the wisdom of lending unprecedented amounts of money to keep Greece in the single currency at all costs.

      MARKET: Europe

      OMFIF - HomePage
      View Commentary

    CHART OF THE WEEK

    History repeating itself

    by William Baunton

    Bear market grips Chinese stocks with echoes of 2007

    History repeating itself

    The mystery behind poor first quarter growth in the US

    by William Baunton

    Since 2010 the US has achieved steady growth of around 2% per annum despite poor, and arguably inconsistent, first quarter figures

    The mystery behind poor first quarter growth in the US

    Greece's difficult road ahead

    by William Baunton

    If Greece were to fail to make payments to the IMF, it would become the first advanced economy in history to default on an IMF loan

    Greece's forthcoming debt repayments

    The UK's net international investment position

    by William Baunton

    The Bank of England's estimates paint a different picture

    The UK's net international investment position
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    Advisory Board Poll

    OMFIF Advisory Board expect Chinese currency to join SDR

    The composition of the Special Drawing Right, the IMF's reserve asset, is under review. Over half the Advisory Board expect the renminbi to be included. Many remained sceptical, with 42% expecting the renminbi to be passed over this year but included in 2020, and 4% expecting it not to meet the criteria for inclusion.

    Advisory Board expect renminbi to join SDR
    View All Polls