Wednesday, June 15, 2016

April 2016 the euro area recorded a €27.5 bn surplus in trade in goods with the rest of the world in April 2016, compared with +€20.9 bn in April 2015 ...EUROSTAT

Press Release  - April 2016 Euro area international trade in goods surplus €27.5 bn €5.6 bn surplus for EU28 Euro area 



The first estimate for euro area (EA19) exports of goods to the rest of the world in April 2016 was €172.3 billion, a decrease of 1% compared with April 2015 (€173.9 bn). Imports from the rest of the world stood at €144.8 bn, a fall of 5% compared with April 2015 (€153.0 bn). 

The relatively low rate of core inflation in the euro area showed that some euro-area economies were recovering only gradually and that unemployment levels in those countries were still very high... Jens Weidmann - Bundesbank

NEWS Release  -   Weidmann: no further loosening of monetary policy



Bundesbank President Jens Weidmann has come out in favour of strengthening the forces of growth in the euro area as a way of moving rates away from the zero lower bound going forward. In remarks delivered at the Bundesbank's third cash symposium in Frankfurt, he noted that the relatively low rate of core inflation in the euro area showed that some euro-area economies were recovering only gradually and that unemployment levels in those countries were still very high.

Expectations of long-term growth in Latin America, boosted by the boom in commodity prices, have been scaled back. The IMF’s five-year ahead forecasts, which can be seen as a proxy for the long-term expectations of potential growth, have been revised down from 4% to 3%. ...BIS

Publication -  Output gaps and policy stabilisation in Latin America: the effect of commodity and capital flow cycles  -   by Enrique Alberola-Ila, Rocío Gondo, Marco Jacopo Lombardi and Diego Urbina



Joint Declaration from European Commission and the World Bank Group against situations affecting the stability and development ..

Press Release -  Joint Declaration on a Framework for European Commission-World Bank Group Collaboration in Situations Affected by Fragility, Conflict and Violence


The European Commission and the World Bank Group, hereby envisage to define a framework for collaboration in situations affected by fragility, conflict and violence (FCV). We believe that in FCV situations, more than anywhere else, stronger and better partnerships among international actors are key to the success of the Sustainable Development Goals. 

Europe risks losing relevance on the global stage, unless we join forces. And despite the many doomsayers, I argue that the EU and the EMU are unprecedented historic successes. .. - Klaus Regling - ESM

Press Release -  Klaus Regling, ESM Managing Director “The Future of European Integration” European Financial Congress Sopot, Poland, 14 June 2016


                           

Οι τιμές των μετοχών των τραπεζών υπέστησαν σημαντική μείωση, κυρίως κατά τη διάρκεια του 2015, η οποία εκτός από τις δυσμενείς εγχώριες οικονομικές εξελίξεις, συνδέεται ειδικότερα με το πρόβλημα των μη εξυπηρετούμενων ανοιγμάτων αλλά και με τη μηχανική επίδραση της αύξησης του κεφαλαίου των τραπεζών και με διεθνείς παράγοντες. Αντίθετα, οι τιμές των βιομηχανικών μετοχών επέδειξαν σχετική ανθεκτικότητα και κατέγραψαν σημαντική μείωση μόνο προς τα τέλη του 2015... ΤτΕ

Απόσπασμα από την Έκθεση της Τράπεζας της Ελλάδος για τη Νομισματική Πολιτική 2015-2016 

I V  MAΚΡΟΟΙΚΟΝΟΜΙΚΕΣ   ΕΞΕΛΙΞΕΙΣ  ΚΑΙ ΠΡΟΟΠΤΙΚΕΣ  ΣΤΗΝ  ΕΛΛΑΔΑ



Τους πρώτους μήνες του 2016 η οικονομία επηρεάστηκε από τους κεφαλαιακούς περιορισμούς, αλλά και από την παρατεταμένη διαπραγμάτευση με τους θεσμούς στο πλαίσιο της πρώτης αξιολόγησης.