FECIF - The European Federation of Financial Advisers and Financial Intermediaries
ESG: A chance of Empowerment for women

See photos from the FECIF conference 2019

 

 

 

Josep Soler-Albertí

The continuous and mostly unnoticed European impoverishment

Anyone who has had the opportunity to recently travel around the United States will have easily noticed a widespread increase in prices, particularly perceived by those whose reference currency is the Euro. Is it just the logical effect of the continued revaluation of the Dollar over the Euro, from 0.70 Euros to one Dollar at the most virulent outbreak of the 2008 crisis, to the current 0.95?

The exchange rate alone does not fully explain the current price disparity between Europe and the United States, and it is necessary to analyse the overall behaviour of the two major economies since the crisis and, in particular, in recent pandemic and post-pandemic years. In fact, it is not just the verification of the gap in relative prices but the general and more relevant perception that economic activity and living standards have shifted enormously in favour of Americans.

GDP figures do not deceive and if they do (anticipating the perennial mistrust of a territory's main economic activity indicator) they are equally imprecise on one side or the other of the Atlantic. The truth is that in 2008 the GDPs of the Eurozone and the United States were equivalent at current prices and at around 14.5 trillion Dollars each. Currently, the GDP of the Eurozone is around 15 trillion (18 trillion if we add the United Kingdom) while the GDP of the United States is today almost 27 trillion. In summary, two-thirds of the gap generated is caused by the revaluation of the Dollar (in any case equally significant) and ...

 

  
 

The European Federation of Financial Advisers and Financial Intermediaries (FECIF) was chartered in June 1999 for the defence and promotion of the role of financial advisers and intermediaries in Europe.

FECIF, the only body representing European financial advisers and intermediaries, it is based in Brussels, the heart of Europe.

 

 

Stay informed about our activities. Subscribe to our monthly FECIF Newsletter:

 

 
Share |

 01 December 2023
Osborne Clarke - ESG Knowledge Update | November 2023 >>read

 30 November 2023
Orsingher Ortu - CAPITAL MARKETS – Update of the guidelines issued by ESMA under MiFID II >>read

 29 November 2023
Cadwalader - EU Market Regulator Finds 400% Increase in Use of ESG Language in Fund Names >>read

 28 November 2023
Paul Hastings - AIFMD II – A Summary of the Key Changes >>read

 27 November 2023
Loyens & Loeff - The roadmap to regulation of crypto-assets: the introduction of MiCAR >>read

 24 November 2023
Professional Adviser - Clients say advisers help them avoid investment emotions >>read

 

 

FECIF Board Meeting 2018

Board Meeting July 2018 - Brussels, Belgium

 

 

 

 

 
fecif_db_button

 

 

fecif_logo

 

Fédération Européenne des Conseils et Intermédiaires Financiers (FECIF)
Avenue Louise 143/4
B-1050 Brussels
BELGIUM

©2023 FECIF  |  Privacy Policy  |  Legal  |  Copyright  |  Contact

 

 

FECIF is a member of:  

 

 

 

concept & design by ivan cuk