The ECB's unexpectedly hawkish shift tone prompted a sizeable market reaction, with Italian 10-year bond yields rising 55bps, to 1.95%. However, we...
Eurozone | EU fiscal rules: we expect reforms but no paradigm shift
Posted by Daniel Kral on Jan 25, 2022
We expect important changes to the EU’s fiscal governance framework, but no paradigm shift. Specifically, green and digital public investments will...
Eurozone: Rising Covid cases may slow the recovery
Posted by Daniela Ordonez on Nov 29, 2021
With Covid infections rising rapidly again across Europe, the health situation is back under the spotlight. Governments across the region are...
Eurozone weekly economic briefing | Strong eurozone economy faces winter headwinds
Posted by Angel Talavera on Nov 5, 2021
Monthly data continues to show a gradual but persistent slowdown in economic activity moving deeper into Q4. While we still expect the eurozone...
Italy | Draghi effect cannot last forever
Posted by Nicola Nobile on Nov 5, 2021
We remain sceptical that Draghi’s reform agenda will be fully delivered and consider a long-term improvement in Italy’s economic prospects as an...
Eurozone weekly economic briefing | GDP surprised on the upside
Posted by Nicola Nobile on Oct 29, 2021
GDP for the eurozone surprised on the upside in Q3 with growth of 2.2% q/q, slightly up from Q2. The surprise came mainly from France and Italy,...
European Cities | Short-term recovery to be followed by long-term realignments
Posted by Dmitriy Gruzinov on Sep 29, 2021
Despite another shift in the Covid-19 situation across Europe, national governments have largely resisted imposing new lockdowns, and our short-term...
Italy | A “dolce vita” revival is still too early to call
Posted by Nicola Nobile on Mar 5, 2021
According to our analysis, reforms planned by Italy’s new Prime Minister Mario Draghi could reverse some of the lacklustre growth and debt...
Italy | A government crisis in the middle of a pandemic
Posted by Nicola Nobile on Jan 13, 2021
The current Conte government looks very likely to end soon, as previous PM Renzi will withdraw his support over the next few hours. At this stage,...