Tuesday, May 3, 2016
As of 2 May, the ECB had purchased EUR 733 billion of securities under its Public Sector Purchase Programme (PSPP). Theoretically, such large-scale asset purchases by the central bank could have either a positive or a negative effect on market liquidity. On the one hand, the willingness of the central bank to purchase assets reduces market risk for potential buyers – that is, the risk that they are unable to sell the assets later on when needed to obtain liquidity...Benoît Cœuré...ECB
Σταθεροποιητικό άνοιγμα αναμένεται για τις Ευρωπαϊκές αγορές... DAX
Σχόλιο Αγοράς..
Reuters
Οι Οικονομικοί spreadbetter IG αναμένουν ότι ο FTSE 100 της Βρετανίας θα ανοίξει σχεδόν επίπεδος, ο DAX της Γερμανίας θα ανοίξει 17 μονάδες υψηλότερα ή 0,18%, και ο CAC 40 της Γαλλίας θα ανέβει 10 μονάδες, ή 0,23%,
DAX futures
Monday, May 2, 2016
Η δέσμευση της Ελληνικής Κυβερνήσεως, στο πλαίσιο της πρώτης αξιολογήσεως του προγράμματος για την υιοθέτηση μηχανισμού λήψεως προληπτικών μέτρων περικοπής δαπανών (contingency plan) σε περίπτωση μη επιτεύξεως των δημοσιονομικών στόχων, δύναται να ενδυναμώσει την αξιοπιστία της χώρας στις διεθνείς αγορές....ALPHA BANK
Euro area investors significantly stepped up their purchases of foreign debt securities from mid-2014 – when the ECB embarked on comprehensive credit easing measures – to levels not seen since the outbreak of the global financial crisis...ECB
2 May 2016 ECONOMIC BULLETIN
Rebalancing in euro area portfolio investment flows
This box describes recent developments in the portfolio investment flows of the euro area financial account. During 2015 the euro area’s current account surplus was mainly mirrored by net portfolio investment outflows in the financial account of the balance of payments.
Several times in the past, the ECB faced the risk of inflation remaining high for too long in an environment of expansionary economic policies. Did we wait for other authorities to take measures before raising interest rates? No, and rightly so. Similar considerations apply to the current environment. At present, inflation in the euro area is around 0% and is expected to remain low for a considerable period of time...Benoît Cœuré....ECB
Greece has seen a reduction in health spending of more than a third in real terms since 2009.... research OECD
Health policy in Greece
The health system underwent significant cuts in public spending
Between 2009 and 2013, public spending on health fell by EUR 5.2 billion – representing a 32% drop in real-terms.
This reduction clearly represents a shock for the system to adsorb, even though it is clear that there were inefficiencies in the Greek system (for example, inappropriate prescribing, weak primary care, imbalances in the mix of health professionals). A whole series of changes to entitlement, benefits and user charges as well as structural reforms have left all sectors of the Greek health system affected.
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