logging in or signing up Epsilon Capital Management’s First Quarter European Economic Round Up cieloramone Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: Embed: Flash iPad Copy Does not support media & animations WordPress Embed Customize Embed URL: Copy Thumbnail: Copy The presentation is successfully added In Your Favorites. Views: 14 Category: News & Reports.. License: Some Rights Reserved Like it (0) Dislike it (0) Added: August 01, 2012 This Presentation is Public Favorites: 0 Presentation Description The first quarter of 2012 witnessed several comforting developments in Europe. Greece fulfilled the pre-condition for securing its second bailout by convincing its private creditors to accept a 53.5% write-off on its debt. The deal eased concerns about a disorderly default by Greece on its sovereign debt. Following up on the liquidity-infusing program it introduced late last year, the European Central Bank (ECB) carried out another round of its Long-Term Refinancing Operation (LTRO), this time handing out to about 800 banks a total of €529.5 billion in 3-year loans at a very low interest rate of 1%. Comments Posting comment... Premium member Presentation Transcript Epsilon Capital Management’s First Quarter European Economic Round Up : Epsilon Capital Management’s First Quarter European Economic Round Up http://www.prlog.org/11865410-epsilon-capital-managements-first-quarter-european-economic-round-up.htmlPowerPoint Presentation: ECM is a privately held wealth management company that manages hundreds of client assets in a wide range of products and services with a no biased, client orientated program that is tailored to each individual or corporate requirement.PowerPoint Presentation: PRLog (Press Release) - May 03, 2012 - This is Epsilon Capital Management’s 4 Part Series on the European Economy for the first quarter of 2012.PowerPoint Presentation: The first quarter of 2012 witnessed several comforting developments in Europe. Greece fulfilled the pre-condition for securing its second bailout by convincing its private creditors to accept a 53.5% write-off on its debt.PowerPoint Presentation: The deal eased concerns about a disorderly default by Greece on its sovereign debt. Following up on the liquidity-infusing program it introduced late last year, the European Central Bank (ECB) carried out another round of its Long-Term Refinancing Operation (LTRO), this time handing out to about 800 banks a total of €529.5 billion in 3-year loans at a very low interest rate of 1%.PowerPoint Presentation: The move reduced not just the possibility of a financial contagion from Europe in the event of a sovereign default, but also the volatility in the continent’s bond market. Many of the banks that took the cheap ECB loans promptly increased their purchases of higher-yielding government bonds, which brought down, albeit temporarily, the borrowing costs of highly indebted countries such as Spain and Italy.PowerPoint Presentation: The Euro-zone rescue fund also received a boost during the first quarter. To remain equipped to handle any future bailouts, finance ministers of the single-currency bloc raised the total value of their financial firewall from the current €500 billion to €700 billion.PowerPoint Presentation: On the political front, 25 of the 27 European Union (EU) members signed a treaty or “fiscal compact” in early March to enhance the level of budget discipline within the economic bloc. Since the U.K. and the Czech Republic stayed away, the accord took the shape of an inter-governmental agreement and not an EU treaty.PowerPoint Presentation: The fiscal compact, which must be ratified by 12 Euro-zone member states to take effect, aims to improve confidence in the euro by facilitating budget coordination among members as well as by imposing penalties on those who break fiscal rules.PowerPoint Presentation: These positive developments did cause brief spells of optimism but failed to assuage the global financial community completely as investors seemed to sense new threats on the horizon toward the end of the quarter.PowerPoint Presentation: Their concerns shifted from Greece to other highly indebted countries in the region — chiefly Spain and others such as Italy and Ireland. Although its record-high unemployment rate and the weakness in its banking system are well-documented, Spain triggered a new wave of worries after announcing its budget for this year.PowerPoint Presentation: Spain’s budget contained a slew of measures to save €27 billion and turned out to be what the BBC described as one of the harshest austerity drives in the country’s history. But far from impressing, it sparked off worries that such frequent and stringent austerity steps may crimp not just growth but also the government’s ability to reduce its debt, and eventually force the country to seek a bailout.PowerPoint Presentation: According to several newspaper articles published in early April, the bigger question on investors’ minds seemed to be whether the Euro-zone was capable of bailing out an economy as big as Spain. You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Epsilon Capital Management’s First Quarter European Economic Round Up cieloramone Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: Embed: Flash iPad Copy Does not support media & animations WordPress Embed Customize Embed URL: Copy Thumbnail: Copy The presentation is successfully added In Your Favorites. Views: 14 Category: News & Reports.. License: Some Rights Reserved Like it (0) Dislike it (0) Added: August 01, 2012 This Presentation is Public Favorites: 0 Presentation Description The first quarter of 2012 witnessed several comforting developments in Europe. Greece fulfilled the pre-condition for securing its second bailout by convincing its private creditors to accept a 53.5% write-off on its debt. The deal eased concerns about a disorderly default by Greece on its sovereign debt. Following up on the liquidity-infusing program it introduced late last year, the European Central Bank (ECB) carried out another round of its Long-Term Refinancing Operation (LTRO), this time handing out to about 800 banks a total of €529.5 billion in 3-year loans at a very low interest rate of 1%. Comments Posting comment... Premium member Presentation Transcript Epsilon Capital Management’s First Quarter European Economic Round Up : Epsilon Capital Management’s First Quarter European Economic Round Up http://www.prlog.org/11865410-epsilon-capital-managements-first-quarter-european-economic-round-up.htmlPowerPoint Presentation: ECM is a privately held wealth management company that manages hundreds of client assets in a wide range of products and services with a no biased, client orientated program that is tailored to each individual or corporate requirement.PowerPoint Presentation: PRLog (Press Release) - May 03, 2012 - This is Epsilon Capital Management’s 4 Part Series on the European Economy for the first quarter of 2012.PowerPoint Presentation: The first quarter of 2012 witnessed several comforting developments in Europe. Greece fulfilled the pre-condition for securing its second bailout by convincing its private creditors to accept a 53.5% write-off on its debt.PowerPoint Presentation: The deal eased concerns about a disorderly default by Greece on its sovereign debt. Following up on the liquidity-infusing program it introduced late last year, the European Central Bank (ECB) carried out another round of its Long-Term Refinancing Operation (LTRO), this time handing out to about 800 banks a total of €529.5 billion in 3-year loans at a very low interest rate of 1%.PowerPoint Presentation: The move reduced not just the possibility of a financial contagion from Europe in the event of a sovereign default, but also the volatility in the continent’s bond market. Many of the banks that took the cheap ECB loans promptly increased their purchases of higher-yielding government bonds, which brought down, albeit temporarily, the borrowing costs of highly indebted countries such as Spain and Italy.PowerPoint Presentation: The Euro-zone rescue fund also received a boost during the first quarter. To remain equipped to handle any future bailouts, finance ministers of the single-currency bloc raised the total value of their financial firewall from the current €500 billion to €700 billion.PowerPoint Presentation: On the political front, 25 of the 27 European Union (EU) members signed a treaty or “fiscal compact” in early March to enhance the level of budget discipline within the economic bloc. Since the U.K. and the Czech Republic stayed away, the accord took the shape of an inter-governmental agreement and not an EU treaty.PowerPoint Presentation: The fiscal compact, which must be ratified by 12 Euro-zone member states to take effect, aims to improve confidence in the euro by facilitating budget coordination among members as well as by imposing penalties on those who break fiscal rules.PowerPoint Presentation: These positive developments did cause brief spells of optimism but failed to assuage the global financial community completely as investors seemed to sense new threats on the horizon toward the end of the quarter.PowerPoint Presentation: Their concerns shifted from Greece to other highly indebted countries in the region — chiefly Spain and others such as Italy and Ireland. Although its record-high unemployment rate and the weakness in its banking system are well-documented, Spain triggered a new wave of worries after announcing its budget for this year.PowerPoint Presentation: Spain’s budget contained a slew of measures to save €27 billion and turned out to be what the BBC described as one of the harshest austerity drives in the country’s history. But far from impressing, it sparked off worries that such frequent and stringent austerity steps may crimp not just growth but also the government’s ability to reduce its debt, and eventually force the country to seek a bailout.PowerPoint Presentation: According to several newspaper articles published in early April, the bigger question on investors’ minds seemed to be whether the Euro-zone was capable of bailing out an economy as big as Spain.