Monetary policy

Russell Investments’ Chief Investment officer – Client Investment Strategies Erik Ristuben explains why the European sovereign debt crisis is spilling over into France

The European central bank revealed on Monday it bought for 22 billion € of sovereign debt last week as part of its plan of bond purchasing program, activated to stop the debt crisis contagion to other countries in the Euro area...

The European Central Bank, which has announced strong intervention on the markets, will buy Italian and Spanish debt according to a source close to the bank

Last Friday, the rating agency Standard and Poor’s lowered the rating on the U.S public debt by one notch from ’AAA’ to ’AA +’, just days after the agreement between Republicans and Democrats.

Debt rescheduling, monetary policies questioning and EFSF bond purchases in the secondary market. These are the key steps of a plan that should not significantly affect banks’ net income but rather spread economic losses over time.