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Ecb President Mario Draghi

Italy is more dangerous than Brexit: Europe's next crisis could be systemic

Georges Ugeux | Posted 07.15.2016 | Business
Georges Ugeux

The noise about Brexit, as historically and politically significant as it could be, has, over the past three weeks, allowed Italy to hide. However, wh...

The ECB Should Not Purchase Italian Nonperforming Loans

Georges Ugeux | Posted 02.17.2017 | Home
Georges Ugeux

The ECB has no place and no legal right to purchase such assets. For the Italian Treasury to negotiate with the ECB is equivalent to negotiating with itself. Mario Draghi did run the Tesoro for many years. The Governance of the ECB is increasingly questionable.

Will Italy Prompt a Global Financial Crisis?

Georges Ugeux | Posted 02.09.2017 | Business
Georges Ugeux

The current situation is definitely not pretty. In the turmoil that affects equity markets, banks seem to be taking center stage. Among them, Italian banks have become the center of attention.

Don't Count on the ECB to Stimulate the European Economies

Georges Ugeux | Posted 03.26.2015 | Business
Georges Ugeux

For all the media frenzy, the complacency of economists, the trumpets announcing a new era, Europe does not want to understand the basic situation it is in. Finance cannot bail Europe out. Only a profound transformation of a regime it cannot sustain will rescue it. Will we need Italy to collapse or another major banking crisis to wake Brussels up?

The ECB Assessment of Eurozone Banks' Health Will Not Dissipate Fundamental Questions

Georges Ugeux | Posted 12.26.2014 | Business
Georges Ugeux

After months of waiting, we just received the results of the assessment of the health of Eurozone banks by their new supervisory authority: the European Central Bank. They were predictable, but the exercise has limitations.

Mark Gongloff

ECB Rate Cut Is Too Little, Too Late | Mark Gongloff | Posted 05.02.2013 | Business

European policy makers have rushed to the aid of their lifeless economy, cutting interest rates and promising that more help is on the way. Too bad th...


Robert Zevin | Posted 11.28.2012 | Business
Robert Zevin

The European Central Bank is the one entity that is theoretically free to make an "independent" decision about what it is to do, as it is not directly controlled by other governments or the European Union administration and parliament.

Politics and Draghi Speaks

Michael Farr | Posted 09.07.2012 | Business
Michael Farr

The silly season of politics is fully underway. Though it is not our habit to predict political outcomes, we are going on record with our belief that...

German Critics: ECB Plan Like A 'Blank Cheque'

Reuters | Posted 11.07.2012 | Business

* Conservative media, some Merkel MPs slam ECB bond-buying plans * Eurosceptic lawmakers mull fresh legal action * Merk...

Europe Once Again Needs Rescue

The Huffington Post | Mark Gongloff | Posted 09.06.2012 | Business

Thing One: Draghi's Big Day: Most of the time, watching Europe try to deal with its endless debt crisis feels like nothing more than a kinda-sad, kind...

Why the European Central Bank Could Only Disappoint the Markets

Georges Ugeux | Posted 10.02.2012 | Business
Georges Ugeux

Today, the ECB announced that, as speculated by the markets, it would purchase bonds of Italy and Spain, in order to reduce financing costs. Yet, the markets were disappointed. There are three reasons why this disappointment was almost predictable.

'The ECB Is Ready To Do Whatever It Takes To Preserve The Euro'

Reuters | Posted 09.25.2012 | Business

LONDON, July 26 (Reuters) - European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the euro zone f...

What Causes Interest Rates to Rise

Michael Pento | Posted 06.03.2012 | Business
Michael Pento

However, in contrast to what passes for the economic wisdom of today, an increase in the rate of sovereign bond yields would be a function of deterioration in their credit, currency and inflation risks. But it would never be because of an increase in the prospects for growth.

EU Demands More From Greece Bailout Deal

Reuters | Posted 04.10.2012 | Business

* Greece says has deal with creditors, party leaders * Euro zone ministers demand action before more aid * Want parliame...

Bonnie Kavoussi

Hitler's Legacy: How Germany's Past Weighs Down Europe's Future | Bonnie Kavoussi | Posted 01.03.2012 | Business

In the wake of the financial crisis, the Federal Reserve took drastic measures to shore up the U.S. financial system. Now as Europe enters its worst e...

Bonnie Kavoussi

New European Treaty Won't Solve Immediate Crisis | Bonnie Kavoussi | Posted 12.09.2011 | Business

The agreement European leaders reached Thursday night was taken by some as a sign that the eurozone would avoid breakup. Not so fast. Economists, poli...

Europe Must Implement Its Own Plans and Stop Debating

Georges Ugeux | Posted 01.28.2012 | Business
Georges Ugeux

Over the 14 ½ Summits of the European leadership since the beginning of the Greek crisis, very little has been actually decided. In order to avoid a further and catastrophic deterioration of the precarious situation of its public finance, action must be the absolute priority.

ECB Make Surprise Decision On Debt Crisis Fears

Posted 01.03.2012 | Business

FRANKFURT - The European Central Bank cut its main interest rate by 25 basis points to 1.25 percent on Thursday as the euro zone's worsening debt cris...