Articles - The ECB’S bond buying programme – is it a game changer?

 Commentary from Ted Scott, F&C Director Global Strategy on yesterday's ECB press conference.

 In his note, Ted Scott concludes;

 "The success of the programme, like other policies implemented by the ECB or other members of the Troika, will ultimately depend on whether growth recovers and debt levels can be contained or reduced. In this respect, the new strategy buys time and will enable the member states to fund themselves more effectively but, with a slowing global economy and uncompetitive exchange rate, it will not contribute to higher GDP or lower debt ratios. For that to occur a more fundamental change in strategy is needed which is something the politicians have to decide upon.

 As we have said throughout this crisis, the outcome is likely to be in the form of a full fiscal and political union as well as a common currency, or there will be a partial break-up. Either of these scenarios is consistent with Draghi's view that the euro is irreversible but the way of achieving a stable and sustainable solution will require more fundamental policy decisions than what the ECB delivered yesterday."

 Please get in touch with the F&C Press Office on 0207 269 9383, if you require anything further, or if you would like to set up an interview with Ted Scott.

 Click here to view full release

Back to Index

Similar News to this Story

Making sense of GMP conversion
The Lloyds judgment of 26 October 2018 has put Guaranteed Minimum Pension (GMP) conversion under a spotlight. The option to convert GMPs into ordinary
IFoA Antibiotic Resistance Working Party
Investment opportunities for DC schemes set to expand
The Department for Work and Pensions (DWP) launched a wide-ranging consultation on facilitating investment by defined contribution (DC) pension scheme

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.