Debt

The Euro is, in principle, the common currency of the Europeans, however the crisis of sovereign has uncovered something completely unexpected and previously hidden. The Euro is, in fact, proving itself to be a foreign currency.

In a message to investors, Crédit Agricole has presented its new strategy in a context marked by the lack of confidence of markets in European banks. The group is adjusting to this new operating environment.

Amongst the three French banks under pressure, only BNP Paribas has played the card of full transparency ...

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

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