iOS app Android app

Ecb

Are European Officials Pushing for Regime Change in Greece?

Mark Weisbrot | Posted 04.22.2015 | World
Mark Weisbrot

While the Greek government cannot do anything to replace its negotiating partners with people more to their liking, the European officials on the other side seem to believe they can do exactly that. And it is becoming increasingly clear that this is their current strategy.

Why Europeans Are Trying to Burn Down Their Central Bank

Mark Dawson | Posted 04.13.2015 | World
Mark Dawson

BERLIN -- Great crises often produce enduring images. For the Israeli-Palestinian conflict, this has often been a terrified child cowering behind protective parents; for 9/11 it was brave firemen rushing headlong into collapsing buildings. Last month saw what could become one of the lasting images of Europe's unending crisis: the sight of burning cars and buildings after riots outside the European Central Bank.

Are the European Authorities Destroying the Greek Economy in Order to 'Save' It?

Mark Weisbrot | Posted 04.09.2015 | Politics
Mark Weisbrot

There is a tense standoff right now between the Greek government and the European authorities -- sometimes known as the Troika because it includes the European Commission, the European Central Bank (ECB), and the International Monetary Fund (IMF).

Is the Eurozone Drifting Apart?

Stefan Bielmeier | Posted 03.26.2015 | Business
Stefan Bielmeier

It now falls to Europe's politicians to act resolutely to stop the union drifting apart. Their present approach of endless negotiations and compromise formulas risks losing the last vestige of popular support.

Protesters, Police Clash Near ECB In Frankfurt

Reuters | John O'Donnell and Paul Carrel | Posted 05.17.2015 | World

By John O'Donnell and Frank Siebelt FRANKFURT, March 18 (Reuters) - Anti-capitalist protesters clashed with riot police near the ne...

Why Is a Central Bank Taking the Risks of Quantitative Easing?

Stefan Bielmeier | Posted 05.15.2015 | Money
Stefan Bielmeier

Surging liquidity, more risk on the balance sheets of banks and insurers, sky-high valuations in individual asset classes -- these are some of the already visible consequences of the ECB's policy, and the trend is set to continue.

Next Up, Podemos in Spain: European Officials Will Have to Change Course

Mark Weisbrot | Posted 05.13.2015 | World
Mark Weisbrot

Greece's Syriza party has put its foot down to demand an end to the troika's agenda, and now Spain's Podemos party has risen even more quickly than Syriza to join them. This is what democracy looks like -- even the rigid, unaccountable structure of the eurozone will not be able to stop it from spreading.

IOU 240 Euros, It's My Problem; IOU 240 Billion Euros, It's Your Problem!

Terry Connelly | Posted 04.19.2015 | Business
Terry Connelly

The first thing to know is that nobody should sell or buy a lot of US stocks or bonds because of the unfolding late-inning melodrama between the new g...

Who's Extorting Whom? It's All About Coercion

Mark Weisbrot | Posted 04.19.2015 | World
Mark Weisbrot

The Economist's Feb. 6 cover displayed the Venus de Milo statue pointing a revolver, with the headline "Go ahead, Angela, make my day." In the editors' upside-down world, Greece is threatening Europe, or at least Germany. Really?

ECB Paddles Both Ways in the Rubicon

Stephen G. Cecchetti | Posted 04.11.2015 | Business
Stephen G. Cecchetti

On January 22, the ECB crossed the Rubicon twice -- but in opposite directions. In an effort to combat deflation and years of anemic growth, the central bank announced a sustained program of large-scale asset purchases.

ECB Steps Up Financial Pressure On Greece To Reach Deal

Reuters | Posted 04.06.2015 | World

By John O'Donnell and Jan Strupczewski FRANKFURT/BRUSSELS, Feb 4 (Reuters) - The European Central Bank abruptly canceled its accept...

Swexit: How Switzerlands' Prudent Economic Policies Got It Into Trouble

OpedSpace | Posted 03.30.2015 | Business
OpedSpace

On January 15, the Swiss National Bank (SNB) shocked international markets by abandoning the 3-year-old exchange rate floor of 1.20 Swiss Franc (CHF) per Euro (EUR). Put simply, this means that the SNB stopped spending billions of Swiss Francs to buy euro-denominated bonds.

The ECB's Not-So-Sweet 16th

Kermit Schoenholtz | Posted 03.15.2015 | Business
Kermit Schoenholtz

If the ECB is willing to use all its available tools without limit, there is little reason to doubt that it can hit its inflation target of close to 2%. However, making that policy commitment credible remains a great challenge because of the controversy and dissent about acquiring risky government debt.

Why a Greek Exit Should Be Feared

Gemma Godfrey | Posted 03.08.2015 | Business
Gemma Godfrey

A Greek exit from the Eurozone could be catastrophic. The country would be shunned from international markets, with a new/old currency that would devalue severely. Nevertheless, the bigger risk for investors is that the turmoil spreads to larger neighboring countries.

Ben Walsh

Tim Geithner: The 3 Words That Saved The Euro Were Ad-Libbed

HuffingtonPost.com | Ben Walsh | Posted 11.13.2014 | Business

TK TK

Europe Faces Winter on the Edge of the Abyss

Llewellyn King | Posted 01.11.2015 | Politics
Llewellyn King

There is another world crisis brewing -- and one for which President Obama cannot be blamed. The Europeans have made a mess of things, and now the wolves are at the door. The first snarling wolf is deflation.

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.

25 European Banks Fail Stress Test

Reuters | By Laura Noonan and Eva Taylor | Posted 10.27.2014 | Business

FRANKFURT, Oct 26 (Reuters) - Twenty five of the euro zone's 130 biggest banks have failed a landmark health check and ended last year with a collecti...

The ECB Needs a Plan B for Its Monetary Policy

Jakob von Uexkull | Posted 12.08.2014 | Politics
Jakob von Uexkull

With the introduction of a negative interest rate on excess bank deposits, it has become clear that the ECB is running out of options. The institution's most important financial political tool - the interest channel - has failed in its objective to encourage lending for investment to curb deflation.

Draghi's Desperation

Milton Ezrati | Posted 11.30.2014 | World
Milton Ezrati

The European Central Bank (ECB) faces a desperate situation. Remarkably low inflation is stealing its ability to ease the euro zone's fiscal-financial strains and, consequently, its ability to buy time for the zone's governments to implement desperately needed budgetary and economic reforms.

The Beauty Of Scandinavia's Street Art Culture

Jaime Rojo & Steven Harrington | Posted 09.25.2014 | Arts
Jaime Rojo & Steven Harrington

It isn't just Nuart any more. Scandinavia is taking their mural festivals seriously thanks to buoyant economies, arts programming support, and a gr...

Europe's Austerity-Fueled Depression Keeps Getting Worse

The Huffington Post | Mark Gongloff | Posted 09.04.2014 | Business

Europe's central bank just slashed interest rates and launched emergency stimulus measures -- but six years too late, and not enough to counter the au...

What Is the Purpose of the ECB?

Jacques Attali | Posted 09.07.2014 | Business
Jacques Attali

The European Central Bank is today obliged to do exactly the opposite of what is set out by the Treaties: lending to States in order to finance their debts. And to do this just about the worst way: by providing the banks at almost no cost with the means to lend subsequently to States while they target higher lending margins.

Welcome To India's First Street Art Festival

Jaime Rojo & Steven Harrington | Posted 08.04.2014 | Arts
Jaime Rojo & Steven Harrington

n what is billed as India's very first street art festival the south Delhi neighborhood of Shahpur Jat hosted a collection of international and local artists this spring to paint murals while a public who is not quite acquainted with public art asked many questions.

5 Things You Need to Know to Profit in Europe

Gemma Godfrey | Posted 06.28.2014 | Business
Gemma Godfrey

As an investor, misunderstandings and overreaction can offer some of the best opportunities to profit. Here, five widely held beliefs are challenged and attractive investment strategies revealed.