Market information
Wednesday, May 12, 2010
A report of the IMF that is published yesterday argues that low GDP growth is the largest threat to the economy of Greece. Under the main scenario, the Greek public debt will sharply rise from 115% of the GDP in 2009 to a peak of 149% in 2013. Hereafter, a decrease is expected to 120% of the GDP in 2020. From 2014 the difference between current revenues and current spending should amount to 6% of the GDP. From this surplus the interest obligations should be paid. However, an important assumption for this scenario is that after 2015 the Greek economy should firmly grow with 2.75%. Unemployment in the OESO countries remains unchanged in March compared to February. The composite unemployment rate for the world's largest economies was 8.7%. Some countries with high unemployment in March were Spain (19.1%), Ireland (13.2%) and France (10.5%). The unemployment rate in the Netherlands amounted to 4.1% in this period. The 6M Euribor has remained the same at 0,98%. The 10Y Swap increased by 5 basis points to 3,20%. In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: .(JavaScript must be enabled to view this email address)
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Economic view
Publications
New terms for a marriage of convenience
Impact of Basel III on corporate banking relationship
risk management, financing, treasury, cash management, working capital, investments, Basel III
Shift towards an American funding model
corporates, corporate lending, Greek default
Client Cases
Netherlands State Treasury Agency
Going the extra mile for the national treasurer
public sector, treasury management, financing, treasury, publieke sector
