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[Translated from Dutch]
Today, EFSF, the European Financial Stability Facility, rated Aaa (Moody’s) / AA- (Fitch) / AA (S&P), has sent a Request for Proposal to a selection of banks from the EFSF/ESM Market Group with regards to an upcoming transaction, subject to market conditions.
The COVID 19 pandemic and the energy crisis have left their marks in Europe and especially in Germany, given its high share of energy-intensive industries. However, the projection of Germany’s potential output points to clear obstacles to growth in the coming decades, irrespective of the current economic weakness.
Alexandre Lauwers is an Economist in the Economic and Market Analysis division at the European Stability Mechanism since 2023.
The recent increase in interest rates has changed the landscape of euro area government debt. While governments must pay higher borrowing rates to finance their deficits, higher bond yields attract investors. Looking at the origin of the new demand for government debt, we ask if this will endure and what the implications of higher borrowing costs are for sovereigns.
The result of the auction of 23 January 2024 for the 6-months Bills of the ESM was as follows:
Total Bids: € 2,688.00 mn
Competitive bids € 885.00 mn
Non-competitive bids € 1,803.00 mn
Allotment / Issue volume € 1,033.02 mn
Drei Megatrends werden zukünftig für das Wachstum in Europa bestimmend sein
Gastbeitrag im Handelsblatt, 22. Januar 2024
Die Rolle der Europäer in der Welt von morgen zu sichern, verlangt Mut und Vision, meint Rolf Strauch. Ein vertiefter, einheitlicher Binnenmarkt und gemeinsame Projekte für nachhaltiges Wachstum würden Europa auch politisch stärken.
“Three megatrends will determine future growth in Europe”
Op-ed in Handelsblatt, 22 January 2024
Securing the role of Europeans in the world of tomorrow requires courage and vision, says Rolf Strauch. A deeper, single market and joint projects for sustainable growth would also strengthen Europe politically.
corriere.it
Pubblicato il: 21 gennaio 2024 (realizzata il: 18 gennaio 2024)
Intervistatore: Federico Fubini, Francesca Basso
Lingua originale: Italiano
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