IREF Newsletter Archives - IREF Europe https://en.irefeurope.org/category/publications/iref-newsletter/ Independent research and policy analysis on fiscal, monetary, and regulatory issues in Europe Wed, 02 Jul 2025 03:38:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://en.irefeurope.org/wp-content/uploads/sites/3/2026/04/IREF-LinkedIn-Profile-DarkBlue-scaled.png IREF Newsletter Archives - IREF Europe https://en.irefeurope.org/category/publications/iref-newsletter/ 32 32 The Myth of European Banking Recovery https://en.irefeurope.org/publications/iref-newsletter/article/the-myth-of-european-banking-recovery/?utm_source=rss&utm_medium=rss&utm_campaign=the-myth-of-european-banking-recovery https://en.irefeurope.org/publications/iref-newsletter/article/the-myth-of-european-banking-recovery/#respond Wed, 02 Jul 2025 03:38:17 +0000 https://en.irefeurope.org/?p=35948 Introduction The overwhelming view of financial sector and media is that banks have made strong recoveries from the problems of 2007-9.  Earnings are resilient, share prices strongly up in 2024,…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/the-myth-of-european-banking-recovery/feed/ 0 Trumpian Tariffs and Currency Manipulation – New Monetary Policy Power Tools? https://en.irefeurope.org/publications/iref-newsletter/article/trumpian-tariffs-and-currency-manipulation-new-monetary-policy-power-tools/?utm_source=rss&utm_medium=rss&utm_campaign=trumpian-tariffs-and-currency-manipulation-new-monetary-policy-power-tools https://en.irefeurope.org/publications/iref-newsletter/article/trumpian-tariffs-and-currency-manipulation-new-monetary-policy-power-tools/#respond Wed, 12 Mar 2025 04:42:47 +0000 https://en.irefeurope.org/?p=35795 Introduction The new USA government is about to introduce fresh elements into developments regarding monetary policy, banking and finance.  New tariffs and a ring of security measures will make an…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/trumpian-tariffs-and-currency-manipulation-new-monetary-policy-power-tools/feed/ 0 Can Central Banks Enforce Net Zero Goals? https://en.irefeurope.org/publications/iref-newsletter/article/can-central-banks-enforce-net-zero-goals/?utm_source=rss&utm_medium=rss&utm_campaign=can-central-banks-enforce-net-zero-goals https://en.irefeurope.org/publications/iref-newsletter/article/can-central-banks-enforce-net-zero-goals/#respond Wed, 11 Dec 2024 05:36:24 +0000 https://en.irefeurope.org/?p=35722 European regulators have focused on climate change.  Specifically, the mandating of a ‘green transition’ requiring a rapid take-up of electric vehicles, ending of the sale of petrol and diesel vehicles,…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/can-central-banks-enforce-net-zero-goals/feed/ 0 Europe’s Competitive Future, Continued Paralysis or Capital Markets Union and Greater Integration? https://en.irefeurope.org/publications/iref-newsletter/article/europes-competitive-future-continued-paralysis-or-capital-markets-union-and-greater-integration/?utm_source=rss&utm_medium=rss&utm_campaign=europes-competitive-future-continued-paralysis-or-capital-markets-union-and-greater-integration https://en.irefeurope.org/publications/iref-newsletter/article/europes-competitive-future-continued-paralysis-or-capital-markets-union-and-greater-integration/#respond Tue, 01 Oct 2024 03:17:38 +0000 https://en.irefeurope.org/?p=35634 In mid-September former ECB President Mario Draghi published a 400-page report recommending changes necessary to boost the EU’s competitiveness.  Although couched in broadly positive language, the document did little to…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/europes-competitive-future-continued-paralysis-or-capital-markets-union-and-greater-integration/feed/ 0 Financial Market Developments in light of the recent electoral events. Is any part of Europe facing a financial crisis? https://en.irefeurope.org/publications/iref-newsletter/article/financial-market-developments-in-light-of-the-recent-electoral-events-is-any-part-of-europe-facing-a-financial-crisis/?utm_source=rss&utm_medium=rss&utm_campaign=financial-market-developments-in-light-of-the-recent-electoral-events-is-any-part-of-europe-facing-a-financial-crisis https://en.irefeurope.org/publications/iref-newsletter/article/financial-market-developments-in-light-of-the-recent-electoral-events-is-any-part-of-europe-facing-a-financial-crisis/#respond Wed, 31 Jul 2024 04:02:59 +0000 https://en.irefeurope.org/?p=35570 The recent elections in the EU, the UK, and France; what impact are the results likely to have on financial and monetary policy? Before these elections, mainstream commentators worried that…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/financial-market-developments-in-light-of-the-recent-electoral-events-is-any-part-of-europe-facing-a-financial-crisis/feed/ 0 European Fintechs – Few Signs of Renewed Public Financial Market Appetite https://en.irefeurope.org/publications/iref-newsletter/article/european-fintechs-few-signs-of-renewed-public-financial-market-appetite/?utm_source=rss&utm_medium=rss&utm_campaign=european-fintechs-few-signs-of-renewed-public-financial-market-appetite https://en.irefeurope.org/publications/iref-newsletter/article/european-fintechs-few-signs-of-renewed-public-financial-market-appetite/#respond Wed, 29 May 2024 04:25:20 +0000 https://en.irefeurope.org/?p=35481 Introduction Two years after we last reviewed the fintech sector1, three significant trends are emerging which we explore in the body of this Newsletter: Investors remain wary of the sector…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/european-fintechs-few-signs-of-renewed-public-financial-market-appetite/feed/ 0 CBDCs: the hottest topic in central banking. What form of Central Bank Digital Euro should the ECB Launch? https://en.irefeurope.org/publications/iref-newsletter/article/cbdcs-the-hottest-topic-in-central-banking-what-form-of-central-bank-digital-euro-should-the-ecb-launch/?utm_source=rss&utm_medium=rss&utm_campaign=cbdcs-the-hottest-topic-in-central-banking-what-form-of-central-bank-digital-euro-should-the-ecb-launch https://en.irefeurope.org/publications/iref-newsletter/article/cbdcs-the-hottest-topic-in-central-banking-what-form-of-central-bank-digital-euro-should-the-ecb-launch/#respond Wed, 20 Mar 2024 06:40:54 +0000 https://en.irefeurope.org/?p=35416 Introduction – 130 Central Banks have CBDC Projects Since we last reported on the ECB’s thinking about CBDCs1, multiple central banks have undertaken research in designing, operating and selling CBDCs.…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/cbdcs-the-hottest-topic-in-central-banking-what-form-of-central-bank-digital-euro-should-the-ecb-launch/feed/ 0 The Passing of Jacques Delors, Architect of the Euro. How will his Legacy Play Out? https://en.irefeurope.org/publications/iref-newsletter/article/the-passing-of-jacques-delors-architect-of-the-euro-how-will-his-legacy-play-out/?utm_source=rss&utm_medium=rss&utm_campaign=the-passing-of-jacques-delors-architect-of-the-euro-how-will-his-legacy-play-out https://en.irefeurope.org/publications/iref-newsletter/article/the-passing-of-jacques-delors-architect-of-the-euro-how-will-his-legacy-play-out/#comments Wed, 24 Jan 2024 06:21:19 +0000 https://en.irefeurope.org/?p=35348 Introduction – the life and career of M. Jacques Delors, 1925-2023 Born in the interwar years, Jacques Delors joined France’s central bank aged 20, where he worked for seventeen years.…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/the-passing-of-jacques-delors-architect-of-the-euro-how-will-his-legacy-play-out/feed/ 1 The Outlook for Europe’s banks and economies in the light of Money Supply Increases and potential Reductions https://en.irefeurope.org/publications/iref-newsletter/article/the-outlook-for-europes-banks-and-economies-in-the-light-of-money-supply-increases-and-potential-reductions/?utm_source=rss&utm_medium=rss&utm_campaign=the-outlook-for-europes-banks-and-economies-in-the-light-of-money-supply-increases-and-potential-reductions https://en.irefeurope.org/publications/iref-newsletter/article/the-outlook-for-europes-banks-and-economies-in-the-light-of-money-supply-increases-and-potential-reductions/#respond Wed, 22 Nov 2023 05:27:19 +0000 https://en.irefeurope.org/?p=35290 Followers of US monetary policy are raising concerns about the consequences of the Federal Reserve’s efforts to reverse the 17% growth in the money supply (M21) in the two-year period…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/the-outlook-for-europes-banks-and-economies-in-the-light-of-money-supply-increases-and-potential-reductions/feed/ 0 Debanking Consumers for Holding the ‘Wrong Values’ is now Widespread in the UK. Will this Spread to Europe? https://en.irefeurope.org/publications/iref-newsletter/article/debanking-consumers-for-holding-the-wrong-values-is-now-widespread-in-the-uk-will-this-spread-to-europe/?utm_source=rss&utm_medium=rss&utm_campaign=debanking-consumers-for-holding-the-wrong-values-is-now-widespread-in-the-uk-will-this-spread-to-europe https://en.irefeurope.org/publications/iref-newsletter/article/debanking-consumers-for-holding-the-wrong-values-is-now-widespread-in-the-uk-will-this-spread-to-europe/#respond Wed, 13 Sep 2023 08:11:39 +0000 https://en.irefeurope.org/?p=35210 At a dinner early in July the CEO of NatWest bank group (formerly known as RBS) Dame Allison Rose told a senior BBC journalist that the high-net-worth subsidiary of the…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/debanking-consumers-for-holding-the-wrong-values-is-now-widespread-in-the-uk-will-this-spread-to-europe/feed/ 0