State-guaranteed bank lending schemes have been a key pillar of the pandemic fiscal support measures. Public guarantee envelopes amount to around 14% of GDP, with take-up of around 4% of GDP for the euro area on aggregate so far. The…

Investors sometimes succeed at predicting a stock's movements and raking in six-figure profits by accurately timing the market. These traders may be dabbling in penny stocks to achieve their outsized returns, or they may simply get lucky on occasion --…