Search this website. You can use fund codes to locate specific funds

Ahead of the curve: Euro-zone - time for Plan B...

  • The ECB’s decision to extend, but taper, its QE does not herald an
    early tightening of policy. The main policy (deposit) rate is likely to
    stay negative in 2017, & the fiscal side should be activated.
  • While helpful in addressing the symptom, deflation, Mr Draghi
    cannot alone be expected to solve the underlying problem - a
    monetary union devoid of economic union. This will take years.
  • We update our Competitiveness Analysis to highlight the progress
    so far. Despite improvement at the euro-wide level, shifts in
    individual members’ competitiveness are still too disparate.
  • After a decade of deterioration, Italy & Spain’s positions have
    improved significantly since austerity. But, while encouraging, it
    brings economic & social costs, with reform-fatigue building.
  • So, with 2017 such a highly-charged political year in Europe, any
    contagion - unlike 2008 - is more likely to be political rather than
    financial. And, with the monetary engine already overloaded, it
    looks time to also crank up the fiscal side...

Related articles

EOS publishes white paper Fixing Fast Fashion
Fixing Fast Fashion
Economic Outlook: can things ‘only get better’?
Authenticity in ESG integration
Raising the bar for stewardship
Global Equity ESG: Annual Report 2020

Sales contacts

Carlos Capela, Director - Distribution, Iberia