Tag Archive: European Central Bank

Natixis’ Patrick Artus discusses whether European institutions can rescue the Italian economy in FTSE Global Markets  

  Following the Italian electorate’s resounding rejection of a constitutional reform package in December 2016’s referendum, further uncertainty beckons for the country’s fragile economy. This begs the question: can Italy’s sluggish growth be lifted by European financial institutions, including the European Central Bank? In an article for FTSE Global Markets, Natixis’ chief economist, Patrick Artus discusses …

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BNY Mellon talks dollar demand in Global Banking & Finance Review

The summer of 2014 saw a real shift in the USD environment, with the catalyst for a sharp appreciation in the currency coming from USD from the European Central Bank’s (ECB) decision to introduce a negative deposit rate for the euro (EUR). Within days of its implementation, a rally began that subsequently saw the USD …

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In El Pais, Natixis’ Artus talks economic recovery, growing inequality and the next financial crisis

El Pais meets Patrick Artus, Natixis’ Chief Economist, to discuss the global economy. Touching on Europe, Artus says that “despite the recent Greek crisis, I’m optimistic on Europe’s recovery”, which he believes many experts have underestimated. Artus argues that there are positive signs in consumption, exports, investment and even in the housing market, which will translate …

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Natixis’ Artus writes for Bloomberg Brief on why the ECB will see QE to the end

In the latest Bloomberg Brief, Patrick Artus argues that despite speculation, the ECB is keen to continue its programme – as made clear by its President Mario Draghi on Wednesday, who said after Wednesday’s monetary policy meeting that “we plan to keep our course steady and unchanged.” For the ECB, the inflationary target was merely …

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In IFR, Natixis’ Patrick Artus examines the possibility of another European crisis in 2017

The eurozone is at last enjoying an upturn, explains Artus in IFR. Indeed, economists are savouring the unaccustomed pleasure of revising their growth forecasts up, rather than down, and investors are getting increasingly excited. Yet as policy-makers make a conscious effort to communicate that Europe is finally at a turning point, Artus sees reason to fear that …

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Natixis’ Sylvain Broyer examines challenges Lithuania may encounter as newest eurozone member in IFR

In January, Lithuania – a tiny economy which has long pegged it’s currency to the euro – became the last of the Baltic states to formally join the eurozone. However, with Europe’s economy looking somewhat worse for wear, Sylvain Broyer discusses the potential challenges Lithuania may encounter as the 19th member of the union in …

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Natixis’ Head of Economics in IFR: Greece’s flirtation with European defenestration is usual story of Europe’s failures

In IFR’s special eurozone report, Dr Sylvain Broyer, Natixis’ Head of European economics discusses the inconsistencies at the heart of the eurozone’s design, the solutions that have only made matters worse, and the reluctance to make any decision today that can be put off until tomorrow. Indeed, as the impact of austerity was felt disproportionately …

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Patrick Artus explains how next Euro crisis can be prevented in Institutional Investor

In this month’s blog, Artus looks ahead to the possible economic scenario where oil prices have risen, the euro has appreciated and interest rates have risen. Currently, Europe is enjoying various boosts to its economy, but once these quick-fixes have disappeared, there is a possibility that Europe will once more be plunged back in to …

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Natixis’ Artus proclaims expansionary monetary policy as the bête noire of Europe’s economy

In a recent IFR article, Natixis’ Chief Economist Patrick Artus argues that despite QE being hailed as a panacea for economic health, it is only for the benefit of the financial markets. Indeed, it is because of bond holders – such as institutional investors and banks – that monetary policies will remain expansionary for a …

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Patrick Artus argues why the ECB must plan its exit from QE now

In Artus’ latest Institutional Investor blog, he assesses what will happen to the economy when oil prices rise again and the temporary boost to the economy, stemmed from oil prices and the ECB’s own measures, begins to diminish. What’s more, the ECB need to assess what will happen when excess liquidity and a distortion of …

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