Fear of a financial crisis, in addition to the inevitable recession caused by Covid-19, led central banks to inject liquidity into the system, in gigantic doses of asset purchases. Revenue is working, but the 'Quantitative Easing' addiction can result in a hangover, and while inflation is unlikely to accelerate, the truth is that central banks bought more risk and created a mountain of debt that one day will have to be paid, warn economists consulted by JE.
Successor may come from the government, academia or banking. High training and proximity to the PS are essential. The model profile? That of Centeno himself.
The Treasury issued one billion euros in debt over a year with an allocation rate of -0,351%, more negative than that recorded in March. It also placed 750 million euros in debt for six months, having paid a fee of -0,411%.
The manufacturing industry, which represents more than 400 million euros annually, says that the interruption of exports has had serious consequences on the activity, with a direct consequence of the entry into layoff regime of about 40% of this universe.
António Costa Silva explained that the sharp drop in prices contaminated the stock, credit and other commodity markets and dragged the world economy. “Oil is the nerve center for the functioning of the global economy”, stressed the president, manager of petroleum assets, in a webinar.
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