Second Plaza accord, Italian surrealism, and more

Banking, Finance — By on November 16, 2019 at 9:30 AM

Second Plaza accord, Italian surrealism, and more


Latest opinion and analysis from OMFIF around the world

11-15 November 2019, Vol.10 Ed.46
Most-Read Commentary
Scepticism on second Plaza accord: In 1985, the G5 agreed on a currency pact, the so-called Plaza accord. In recent weeks, market participants have questioned whether there could be a new iteration of the deal, writes Mark Sobel. But the global context has changed, and the sense of cohesion needed for a ‘Plaza 2’ is sorely lacking.

Investment opportunities and challenges in sub-Saharan Africa:
On 21 November in Frankfurt, OMFIF in conjunction with the Trade and Development Bank and KfW, the German state-owned development bank, convene a seminar to share expertise on experiences of investing in sub-Saharan Africa. Read more.


Italy a picture of political surrealism: Italy’s political crisis appears surreal even by the country’s well-worn standards. Objective factors would warrant an early dissolution of parliament, much desired by League leader Matteo Salvini; political considerations do not, writes Antonio Armellini. The government is likely to last until spring 2020. Read more.


Trump’s unmet economic promises: President Donald Trump is adamant the US economy has never performed better than under his stewardship – the economic data tell a different story, writes Desmond Lachman. The economy has developed a twin budget deficit and trade deficit problem that threatens longer-run growth prospects. Read more.


Reflections on Lagarde, Germany and the future of the ECB: In a discussion with Programmes Manager Ellie Groves, OMFIF Chairman David Marsh and his US counterpart Mark Sobel offer differing views on how President Christine Lagarde will best achieve the European Central Bank mandate of ensuring price stability. Listen.

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