German political news, ECB, asset quality review, delayed US data, PMI, IFO, next negotiations in US...
EUROPE
Banking Nationalism
and the European Crisis – Bruegel
Explaining both the build-up of risk in European banks in the run-up to
the crisis, and the difficulty to resolve the crisis and restore trust since
the inception of market turmoil in mid-2007. It concludes by identifying
banking union as a potential game-changer, even though whether this will result
in a positive outcome for Europe remains to be seen.
SPD unveils German
coalition demands – FT
Germany's SPD leaders
list key demands of Merkel for coalition – Reuters
A nationwide minimum wage of 8.50 euros, equal pay for men and women, a
financial transaction tax, greater investment in infrastructure and education,
and a strategy to boost growth and employment in the euro zone. No mention of
the tax increases for Germany's wealthiest which the SPD had campaigned for
during the election but which the chancellor has absolutely ruled out.
The Telegraph details the benefits a 30-year-old EU migrant could access
in each member state
Creeping Towards the
Superstate: Some recent EU news – Craig
Willy
ECB president warns against destroying confidence
UNITED STATES
Economic Impact of
Shutdown Was Likely Small – WSJ
Fiscal Crisis Leaves
Stocks in a Sweet Spot – WSJ
Despite budget win,
Obama has weak hand with Congress – Reuters
Obama has limited ability to achieve his policy goals through
legislation, which could result in increased use of executive powers,
administration officials and Democratic strategists said.
OTHER
Free Volling: As VIX
Plunges, Someone Bets $6.7 Million On Prompt Rebound – ZH
FX Viewpoint: USD to
fight?
– Nordea
There is room for more weakness in USD. But it won't give up without
fight. Change in risk sentiment could benefit.
The Investment
Climate in Six Points – Marc
to Market
Outcome Bias and the
Interpreter – Credit
Suisse
How Our Minds Confuse Skill and Luck
FINNISH
MOT: Kilpailukykytilastot kertovat mitä
halutaan – YLE
Kilpailukykytilastoista
saa kaivettua itselleen mieluisan tuloksen, sanovat asiantuntijat
MOT-ohjelmalle. Heikoksi mainitulla kilpailukyvyllä on mm. perusteltu matalia
palkankorotuksia.
http://yle.fi/uutiset/mot_kilpailukykytilastot_kertovat_mita_halutaan/6889571
Velkavaroitus Kiinasta: Yhdysvallat ei selviä – TalSa
Jan Hurri: Yhdysvallat
väisti täpärästi liittovaltion luottohäiriöt, mutta velkasopu ei ratkaissut
rahoitusongelmia kuin muutamaksi kuukaudeksi – ja lisäksi tavalla, joka
kasvattaa eikä kevennä valtion velkataakkaa. Kiinan suurin luottoluokittaja
sättii Yhdysvaltoja velkavedätyksestä ja epäilee, että tämä ei selviä
veloistaan ilman keskuspankin setelipainoa.
Kun muut velkaantuvat, Ruotsin talous jaksaa
porskuttaa – TE
Olli Rehn: "Liian aikaista riemuita,
riskit ovat edelleen suuret" – Verkkouutiset
Olli Rehn: Yritykset hyötyvät EU:n
byrokratiatalkoista
– Verkkouutiset
Kansainväliset tarjontaketjut ja
kilpailukyvyn mittaaminen – Akateeminen talousblogi
Eurokriisin mediajulkisuutta hallitsee
eliitti – Verkkouutiset