ECB to publish TARGET balances

Details here.

New York Times: A Migration Juggernaut is Headed for Europe

Eduardo Porter, one of the most highly respected economic analysts in the US media, has an interesting, thoughtful new article on European immigration pressures. He argues that European economies and societies need to prepare for large-scale immigration from Africa, the Middle East, and South Asia. These regions are close to Europe, are notably poor by world standards, and have a forecast population increase of three billion in coming decades, on top of the large increases which have already occurred in the recent past. Porter argues that attempts to stop completely this migration pressure will not succeed, and instead Europe should try to adjust to an inevitable large inflow.

The fiscal impact of financial sector support during the crisis

ECB bulletin article – here.

OECD Economic Survey: Ireland

Here.

The State of the House Price Cycle in the Euro Area

ECB bulletin article here.