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From Draghi’s big guns to Lagarde’s PEPP-Show
Yesterday marked a key turning point in the conduct of the ECB’s policy. The stupid statements by the Austrian governor – a few days after Christine Lagarde's “blunder†on the issue of spreads – suddenly revived memories of 2011-2012. In addition to a global financial crisis and the prospect of a severe recession, suddenly signs start to emerge of financial fragmentation, with, in their wake, the question of the sustainability of public debt and the euro’s very survival. The cred...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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