EU economy

Part of the Axes of Evil series

A fall in house prices would not devastate Germany’s economy

Germany is nowhere near as exposed as Spain was to a crash in house prices.

The Italian house price conundrum

The country’s property sector is an outlier across Europe.

Scholz gives ground on banking union, but will Rome cede too?

German minister softens opposition to eurozone-wide deposit insurance, but Italy will worry about impact on banks and its own books

Inflation’s vagaries lie behind the scrap at the ECB

Central bankers’ theories have in practice fallen short. That has left them vulnerable to attacks.

The weight of evidence is on the side of the ECB’s doves

Neither experience nor theory supports the case of the hawks.

There’s a German word for negative rates

Two of them, in fact.

What Draghi needs to deliver

A disappointing package risks denting ECB’s inflation credibility.

What paying Berlin to borrow for 30 years tells us about Europe

Germany offers zero-coupon bond maturing in 2050. Investors lap it up.

Is there such a thing as a free lunch? German banks edition

Who is right? Twitter or Milton Friedman?

Markets to Germany: “Please borrow”. Germany: “Nein.”

The entire German yield curve goes below zero for first time ever.

The ECB buying equities: SNORE

“The ECB has to do something, because it’s the only one that will” is not an argument.

Guest post

The legacy of the ECB's bond buying program

Deleveraging is likely to take a long time.

Alphachat

Yanis Varoufakis on “radical Europeanism”, erratic Marxism and... Pamela Anderson

The former Greek finance minister and economist chats to Alphaville.

Alphachat

Why are Eurozone countries still so indebted?

The European Central Bank has either changed history, or paused it.

Guest post

The ECB should do the national twist with its reinvestments

Its current capital key approach reduces funding costs for the wrong countries.

Part of the Someone is wrong on the internet series

Turkey contagion fears are overblown [Update]

Only Spain has some exposure to Turkish assets

The monetary aftermath of Italy's chaotic month

Target2 liabilities skyrocket as cash shifts to the Eurosystem.

Guest post

Risk segregation and market fragility in the eurozone

In this guest post, Marcello Minenna discusses Italian markets and risk segregation in the eurozone.

Algebris has launched an 'end of the world fund'

Alberto Gallo will manage the new vehicle, as tail risk insurance makes a comeback

Markets Live

Germany is fine, thanks for asking

After a slow Q1, all is well in the German world again.

Part of the Someone is wrong on the internet series

Lies, damn lies, and charticles

The IMK is bearish on Germany, and the Telegraph is enthralled.

Alphachat

Benn Steil explains the Marshall Plan

In this week’s episode, Matt talks with the author of a new history of the politics and economics of America’s early involvement in Europe after the end of WWII.

Alphachat

Marcel Fratzscher on the dark side of the German economy — now with transcript!!

Inequality, poverty, infrastructure investment, and more.

Guest post

Understanding the differences between German and Italian investment spending

The following guest post on trends in public investment spending is from Marcello Minenna, the head of Quantitative Analysis and Financial Innovation at Consob, the Italian securities regulator. The views expressed here are his personal opinions and do not necessarily reflect the views of Consob.

Alphachat

Marcel Fratzscher explores the dark side of the German economy

There’s more the story than low unemployment and a strong welfare state.

Eurozone economy

The euro area’s fiscal position makes no sense

It’s way too tight. Federalism is the answer.

Europeans should stop whining about their appreciating currency

The currency bloc has been relying on the largesse of foreigners to compensate for stinginess at home.

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