Eurozone Archives

Spike in interest rates could hamper Islamic finance

International Finance DeskNovember 26, 2014

by International Finance DeskNovember 26, 2014

Base rates are at record lows in Europe with the Bank of England having held its rate at 0.5% for five years now Tim Evershed November 26, 2014: A spike in European interest rates could pose a serious challenge to the growth of Islamic finance across the EU. Base rates of interest are at record...

Economy

Portuguese economy surprises with good performance

International Finance DeskAugust 14, 2014

by International Finance DeskAugust 14, 2014

However, recovery is probably going to remain weak because its biggest hope were exports, but it is hard to see how, with the Eurozone slowing down Contrary to its big Eurozone peers, the Portuguese economy performed well in the second quarter. Real GDP grew by 0.6% quarter-on-quarter, bouncing back from the 0.6% contraction witnessed in...

Banking

Quantitative Easing Under the Microscope

International Finance DeskJuly 14, 2014

by International Finance DeskJuly 14, 2014

While one of the main objectives of QE is to stimulate inflation to prevent deflation, too much inflation could be an unintentional outcome. July 14, 2014 : European Central Bank president Mario Draghi has pulled out the big guns. With years of declining inflation and persistently high unemployment plaguing the Eurozone, the central bank is considering...

Economy

Exports, Austerity Help Spain Recover from Recession

International Finance DeskOctober 7, 2013

by International Finance DeskOctober 7, 2013

Based on a growth prediction of 0.7 percent the Spanish budget for 2014 included less cuts and greater stimulus. 7th October 2013 Spain’s Prime Minister has presented its most pain free budget in many years, banking on a nascent economic recovery gathering steam in 2014. Based on a growth prediction of 0.7 percent the Spanish...