![rc-2022.07-fiscal-rules-slider](/sites/default/files/styles/583x300/public/2022-07/rc-2022.07-fiscal-rules-slider.png?h=8ea98630&itok=ZPFNIO-Z)
![rc-2022.07-fiscal-rules-slider](/sites/default/files/styles/583x300/public/2022-07/rc-2022.07-fiscal-rules-slider.png?h=8ea98630&itok=ZPFNIO-Z)
29/07/2022
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Economy & Markets
Asset Allocation
Gas rationing impact on European economy
The partial shutoff of gas deliveries is already affecting European growth momentum. Discover what could be the economic impact of a total cutoff and what are the investment implications.
![rc-2022.07-fiscal-rules-slider](/sites/default/files/styles/583x300/public/2022-07/rc-2022.07-fiscal-rules-slider.png?h=8ea98630&itok=ZPFNIO-Z)
25/07/2022
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Economy & Markets
Towards new fiscal rules in Europe
After years of dormant peripheral risk, the recent resurgence of fragmentation issues in Europe, amid rising stagflationary risks at a time of Central Banks committing to tame inflation, puts the delicate fiscal and monetary equilibrium under the spotlight.
![RC - Working Paper](/sites/default/files/styles/583x300/public/2022-07/2022.07%20-%20296.working-paper%20-visuel%20r%C3%A9f%C3%A9rent.jpg?h=3f33ffb3&itok=-Y3KbQ7O)
25/07/2022
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Asset Allocation
Retirement
Precautionary Liquidity and Retirement Saving
There is a large debate on the optimal degree of savings’ liquidity in retirement systems.
![RC - 2022.07 - Investment talk - ECB meeting](/sites/default/files/styles/583x300/public/2022-07/cover%20ecb-1256738548.jpg?h=65aa3d03&itok=uONtd41f)
22/07/2022
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Economy & Markets
Fixed Income
ECB meeting: larger-than-expected rate hike, with new fragmentation tool outlined
July meeting: The ECB hiked its three key interest rates by 50bp for the first time in more than a decade, bringing its rates out of negative territory.
![rc-2022.07-italy-crisis-slider.](/sites/default/files/styles/583x300/public/2022-07/rc-2022.07-italy-crisis-slider.png?h=8ea98630&itok=_s-J1XDK)
22/07/2022
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Economy & Markets
Fixed Income
Italy swimming in uncertain waters as PM Draghi resigns
Italian government crisis, likely outcome: snap elections the most likely outcome. Prime Minister Draghi would remain at the helm of a caretaker government, until a new one is formed after the elections.
![Pension Funds letter](/sites/default/files/styles/583x300/public/2021-04/PENSION%20FUNDS%20LETTER%20header-new_1.jpg?h=e8c0b353&itok=KTl69eDW)
20/07/2022
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Pension Funds
Retirement
Amundi Pension Funds Letter n°15
As holidaymakers resume their familiar summer breaks and crowds return to the Champs-Elysées to cheer on the final stage of the 2022 Tour de France, elsewhere established customs and trends seem less secure.
![rc-2022.07-uk-leadership-change-slider](/sites/default/files/styles/583x300/public/2022-07/rc-2022.07-uk-leadership-change-slider.png?h=8ea98630&itok=TPXCfP_s)
11/07/2022
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Economy & Markets
Geopolitics
UK Leadership Change: Economic and market implications
With the economic situation having deteriorated considerably since the beginning of the year, it is vital for the Conservative Party to agree on a new leader quickly.
![rc-2022.07-thematic-global-view-slider](/sites/default/files/styles/583x300/public/2022-07/rc-2022.07-thematic-global-view-slider.jpg?h=119335f7&itok=u2hkjgHA)
11/07/2022
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Investment Outlook
Renminbi’s rise will not challenge dollar dominance
A sharp economic slowdown seems to be looming in both Europe and the US, which would make bond markets attractive again, especially in the US.
Conversely, the Chinese economy is expected to reaccelerate.
Conversely, the Chinese economy is expected to reaccelerate.
![rc-2022.07-thematic-1-slider](/sites/default/files/styles/583x300/public/2022-07/rc-2022.07-thematic-1-slider.png?h=8ea98630&itok=mj52xHEc)
11/07/2022
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Investment Outlook
Central Banks
The ECB’s ability to raise rates will depend on the strength of the antifragmentation tool
The ECB is determined to tighten its monetary policy in the face of record high inflation levels.