Archive February 2012
IMF support dependent on increase in the Eurozone’s own rescue fund
Troubles rumble on over the Greek crisis (still!). This time the pressure is from the IMF, where non-euro members have made it clear that they are unwilling to increase IMF funding without a more substantial increase in the Eurozone’s own rescue fund. Germany holds the key and will make a decision sometime during March. It’s likely that there will be some movement, but it will be reluctant given the disincentive this might give to other countries…
- Date: 27 Feb 2012
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Posted in:
Capitas News Brief
Leaseeurope index reports improvement in 2011
Despite the economic downturn across the continent and a tough fourth quarter, the European leasing industry has seen improvement in 2011.
- Date: 23 Feb 2012
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Posted in:
Asset Finance
Second thoghts vis a vis Greece
Valentine’s Day failed to soften the hearts of some the northern Eurozone members, led by Germany. Last week they appeared to have second thoughts over making a 130 billion euro commitment to Greece. Indeed, the idea of letting Greece default messily was gaining momentum as the week wore on. The main reason is that with a Greek election due in April and the opposition leading the opinion polls, they fear that a different government will renege on…
- Date: 20 Feb 2012
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Posted in:
Capitas News Brief
FLA confirms double digit growth for UK asset finance
UK leasing continued an upward trajectory in 2011 with 10% growth in finance deals of up to £20m, according to the latest figures from the Finance & Leasing Association (FLA).
- Date: 13 Feb 2012
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Posted in:
Asset Finance
Greeks politicians pass austerity package
The 2012 BAFTA best film, The Artist, was set around the time of the Great Depression. This may chime with a Greek population that fears it will suffer something similar as it strives to deal with its debt. But another BAFTA nominee, The Help, seems more relevant right now. Greek politicians passed the austerity package required to secure the help it needs to avoid default. And it’s not before time. Talks have been going on since July. There will…
- Date: 13 Feb 2012
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Posted in:
Capitas News Brief
Signs of encouragement from the global economy!
There have been some tentative signs of encouragement coming from the global economy in early 2012. We continue to see firm data in the US, while private sector survey data in the Eurozone and UK have improved. Central banks nevertheless remain firmly on the offensive.
- Date: 10 Feb 2012
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Posted in:
Finance News
Bank of England maintains Bank Rate and increases size of Asset Purchase Programme
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £50 billion to a total of £325 billion.
- Date: 9 Feb 2012
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Posted in:
Finance News
EFLA Top 10 equipment acquisition trends for 2012
The Equipment Leasing and Finance Association (ELFA) which represents the $628 billion equipment finance sector, has revealed its Top 10 Equipment Acquisition Trends for 2012. Given that every year U.S. businesses, not-for profit organisations and government agencies spend in excess of $1.2 trillion in capital goods or fixed business investment (including software), financing more than half of those assets, these trends impact a significant portion…
- Date: 7 Feb 2012
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Posted in:
Asset Finance
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