Crisis

BNP Paribas categorically denies the statements made by a certain anonymous BNP Paribas executive who states that the bank has a liquidity problem in dollars and is participating in the creation of a market in euros to solve the problem.

Corporate earnings have never been higher. Yet, sovereign bond yields have never been lower. Have markets overreacted? Are equities a bargain?

The financial investment is not limited to financial markets assets and the current uncertainties obviously feed such thoughts. Indeed, there are many investment vehicles that could create value in a portfolio.

If the market was fully rational in its current pricing, policy makers could actually see current low levels of bond yields as a vote of confidence in their long-term credibility. It would then be rational for policy makers to exploit the lowest funding costs ever

The Eurozone, undergoing a test of fire is rocking Europe both financially and economically. The Economist Evariste Lefeuvre proposes to a large audience a dispassionate analysis of the single currency crisis to be viewed in a positive and completely neutral way