Summary: Key event in Europe is not on many calendars–it is a ruling by the European Court of Justice. UK government and Tory Party stabilizing, leaving the Labour Party in disarray. US economy appears to have accelerated into the end of Q2. BOJ’s meeting at the end of the month. Four large dramas being played out among the major high income countries. The drama in the eurozone moves center stage in the...
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Summary The IMF identified three banks that posted the most significant systemic risks. It has been overshadowed by new pressure on Italy’s banks, and. Three UK commercial real estate funds have been frozen to prevent redemptions. The conventional narrative has it backward. It worries about the threats to stability emanating from the periphery in Europe. Policymakers, investors, and economists still refer to...
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Nach dem Brexit ist vor dem ... Der Brexit ist ein Grossexperiment mit offenem Ausgang. Wir Schweizer müssen dies als Chance erkennen, und nicht Vergangenem nachtrauern. Trotzdem werden die Gewichte unter den internationalen Finanzplätzen nicht fundamental verschoben werden, meint Stefan Hoffmann. http://www.swissbanking.org/de/services/blog/nach-dem-brexit-ist-vor-dem http://www.swissbanking.org/de/services/blog/nach-dem-brexit-ist-vor-dem/@@download/image/Brexit2.jpg...
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Brexit: Das grosse Rätselraten In Grossbritannien hat die Diskussion um einen möglichen Austritt aus der EU Dimensionen angenommen, die an einen Glaubenskrieg denken lassen. In der referendumserfahrenen Schweiz weiss die Wirtschaft, dass vor allem eines Gift für jede Weiterentwicklung ist: Unsicherheit. http://www.swissbanking.org/de/services/blog/brexit-das-grosse-raetselraten http://www.swissbanking.org/de/services/blog/brexit-das-grosse-raetselraten/@@download/image/brexit.jpg...
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We expect the UK to remain in the EU, but the risks are high. Opinion polls suggest a close result, and unless the gap widens markedly between the “Ins” and “Outs”, a prolonged period of uncertainty beckons. Moreover, in the event of Brexit, negotiations could go on for years. Having secured a deal at the European Council meeting on 19 February, PM David Cameron announced that the referendum on UK EU membership will be held on 23 June. Based on the reactions on both sides, it looks like...
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