“This is a big ask given the reluctance of the regions to cut their budgets thus far. If they fail again then yet more austerity will have to be inflicted at the federal level, which any government would find difficult to implement with unemployment at over 23%.”
“This is a big ask given the reluctance of the regions to cut their budgets thus far. If they fail again then yet more austerity will have to be inflicted at the federal level, which any government would find difficult to implement with unemployment at over 23%.”
The German state development bank this week proved a digital bond can survive losing its registrar. It was another proof of concept for digitalised bonds but only the ECB can make the market real
Investor appetite for CLO ETFs is increasing in Europe, as the asset class matures. But regulation and investor wariness may limit the eventual size of the market, writes Thomas Hopkins, meaning it will be some time before it can reach the scale of that in the US