Daily Archives: January 6, 2012

Claire Jones

Our week ahead email helps you track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe

SNB results

Friday sees the publication of the Swiss National Bank’s preliminary results for 2011. Not usually the most headline-grabbing of events granted. But given the record loss of Sfr20.8bn for 201o and the pressure that its chairman has found himself under, it is bound to make the news on this occasion.

Will the central bank report a profit? Read more

Government debt markets are about trust. Before the crisis, all eurozone governments enjoyed the benefit of their collective trustworthiness, co-operation and solidarity in the form of favourable financing conditions that contributed to the wellbeing of Europe.

Investor trust in the eurozone has been badly shaken in the past two years. The image of co-operation and solidarity has been shattered. As 2011 came to a close, questions about the survival of the euro that would have been considered taboo earlier began to surface. Following Greece, a number of member states faced difficulties refinancing their debts or lost access to markets altogether, despite the implementation of unprecedented fiscal programmes.

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