“The European Central Bank is not doing anything and will not do anything yet, because it has no room and will more or less pray that the inflation episode will remain an episode. The central bank must be careful not to bankrupt countries such as Italy or Greece. They simply cannot afford to pay significantly … Read more
One- and two-cent coins end in Slovakia. From the summer of next year, the purchase price in cash will be rounded to the nearest 5 eurocents. The Slovak parliament decided to change the law. With this step, the country wants to reduce the use of small coins, similarly to other countries in the eurozone. When … Read more
For the first time, inflation thus significantly exceeded the European Central Bank’s (ECB) target. It intends to keep price growth at two percent per year in order to revive the economy. The central bank estimates that the current rapid rise in prices is only temporary and expects inflation in the euro area to be 2.2 … Read more
Commissions are one of the great fears of bank customers. This year, in addition, some entities have tightened the conditions for unrelated clients. Individuals with few movements in the eyes of the bank (those who do not direct their payroll or do not use the cards, for example) are tighter than before in terms of … Read more
Central bankers in the developed world are not yet planning any vigorous fight against inflation. They fear that, in the still fragile economic situation, they will not slow down the promising economic recovery again. Therefore, they usually neither raise interest rates nor restrict large-scale purchases of securities. The “printing” of new money continues as if … Read more
The European Central Bank (ECB) today took the first step towards launching the digital euro. Its plans are linked to a global effort to meet the growing demand for electronic means of payment, but according to Reuters, it also wants to deal with the cryptocurrency boom. The digital euro, as the electronic equivalent of banknotes … Read more
Risks for euro area countries are increased but uneven. Targeted stimulation will be needed to revive the region from the coronavirus crisis, as the pandemic has affected different sectors differently. The biggest impact was on tourism and hospitality. The risks are thus focused on certain countries and parts of the economy. “Governments face a delicate … Read more
2020 was a disastrous year for economies worldwide. To limit damage in the form of bankruptcy and unemployment, governments resorted en masse to an old-fashioned policy form: state aid. Because the government pulled the wallet, the Dutch national debt increased by about 6 percentage points in the corona year 2020. How did that go in … Read more
The twelve Spanish banks supervised by the European Central Bank (ECB) remained in the fourth quarter of 2020 practically in the last place of the entire Eurozone in terms of cost effectiveness already ratio de capital CET1, according to the data published by the entity this Monday. – The low profitability of banks in the … Read more
Budapest and Warsaw are blocking the approval of the budget and the associated fund with a total volume of over 1.8 trillion euros (approximately 48 trillion crowns) due to conditionality, which the leaders of the countries agreed at the July summit. Money from the budget for the period 2021 to 2027 and from the emergency … Read more