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The Safeguarding the euro as a currency beyond the state – ECB
To safeguard the euro as a currency beyond the state, euro area countries should consider pooling their national sovereignty over a wider range of EMU-related policy areas, as necessary to achieve more effective risk control and more efficient risk sharing.
Accommodative European policy mix helps offset political upheaval – Pictet
Against the backdrop of a charged political climate, greater flexibility on debt and deficit rules plus ECB largesse are helping national economies
IMF’s Greek debt options: what do they all mean? – FT
The Game over Greece – nobody wins, everybody loses – TF
Understanding the mismanagement of the crisis in Greece becomes easier to understand when it is viewed as a game. The game has participants, rules and scheduled events. The preferred solution is muddle-through, and we will get that for years to come.
Greece’s creditors eye IMF debt deal – FT
Greece’s international creditors are discussing a plan to drastically scale back the International Monetary Fund’s exposure to the country, potentially through an EU buyout of up to €14bn in IMF bailout loans.
Greece Braces for More Austerity Amid EU-IMF Quarrel About Debt – BB
PM Tsipras faces parliamentary test in belt-tightening vote * Creditors at loggerheads over debt-relief measures needed
Brexit Monitor No. 4 – Danske Bank
Economists are losers so ignore them on Brexit – Simon Wren-Lewis
U.K. House Prices Could Drop 18% After Brexit, Treasury Says – BB
France Warns U.K. on ‘Illusion’ of Keeping Advantages Outside EU – BB
Word From the Minutes That Tempers Rate Hike Expectations – BB
These Dates Will Be Crucial as the Fed Nears a Possible June Hike – BB
Stephen King: Can the G7 rekindle the flame of co-operation? – FT
Finance Chiefs Unanimous in Denouncing Brexit as Wrong Choice – BB
G-7 Warns on Weak Global Growth as Japan Bristles Over Yen – BB
Japan, U.S. Discord on Yen’s Surge Resurface at G-7 Meeting – BB
U.S., Japan disagreement on yen moves overshadows G7 meeting – Reuters
G7 finance leaders debate global economy, risks – Reuters
G7 united against Brexit but can only hope for an 'In' vote – Reuters
China Watch – Digging into the debt dynamics – ABN AMRO
April’s set of macro economic data weaker than in March. Still, we have seen signs of macro economic stabilisation in recent months. Stimulus filters through, resulting in a rebound of the real-estate sector. Credit growth still outpacing nominal GDP growth. Rising debt level is a key risk, though mainly a domestic, longer-term issue. Policy focus shifts back to structural issues, but no radical changes expected.
Global Economic Forecasts 20 May 2016 – ABN AMRO