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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 11.11.2014 | 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 10.26.2014 | 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.

Germany and Europe in 2014: A Conversation With Christoph Schmidt

Luka Orešković | Posted 05.05.2014 | Politics
Luka Orešković

Starting with the most heated topic of the moment, Schmidt's belief is that, although OMT has worked well so far, it is stretching the mandate of ECB too far, especially with the limitlessness of the transactions.

Weidmann at Harvard: The Sovereign-Banking Nexus

Luka Orešković | Posted 02.05.2014 | Business
Luka Orešković

Weidmann's "separatist" view clearly stems from the German concept of highly independent central banking, assuring price stability rather than trying to target other problems and ensure macroeconomic stability.

The Euro Zone Is In Big Trouble

Reuters | Posted 11.07.2013 | Business

FRANKFURT, Nov 7 (Reuters) - The European Central Bank cut its main interest rate on Thursday to a new record low of 0.25 percent, responding to a sur...

Unlucky Number 13: Is Slovenia Next in Line for a Bailout?

Luka Orešković | Posted 07.02.2013 | Business
Luka Orešković

While some hope of a miracle occurring in the coming months remains, so does the question of whether the new Slovenian government is willing to invest enough political capital to push through the necessary reforms before the capital markets decide to lock Slovenia out once again.

Mark Gongloff

ECB Rate Cut Is Too Little, Too Late

HuffingtonPost.com | 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...

How to Read the Week's Economic and Market Signals

Mohamed A. El-Erian | Posted 06.27.2013 | Business
Mohamed A. El-Erian

Expect next week's policy meetings to signal that central bank stand ready to step in, once again, to maintain the disconnect between buoyant equity markets and sluggish economic conditions -- not as an end in itself but, given Congressional dysfunction, as virtually the only way today to support economic activity (and it is rather imperfect as the expected benefits come with growing costs and risks). Look for the Federal Reserve to alter the thrust of its policy narrative. Rather than advance its prior emphasis on tapering its monthly $85 billion purchases of market securities, it will seek to reassure markets by iterating its willingness to do more if needed. Across the Atlantic, the European Central Bank will face increasing pressure to cut its interest rate (currently at 0.75%) and liberalize the collateral requirements it imposes -- both meant to loosen monetary conditions.

Greece's Daily Torment

Justine Frangouli-Argyris | Posted 06.11.2013 | World
Justine Frangouli-Argyris

Trapped by the relentless demands of its northern European partners, Greece has become a disturbing model of idleness and stagnation.

Cyprus Bailout To Hit $30 Billion

AP | JUERGEN BAETZ | Posted 06.11.2013 | Business

BRUSSELS — The cost of bailing out Cyprus has swollen to 23 billion euros ($30 billion), with the crisis-hit country having to take on the lion'...

The Stalemate in Italy Could Destabilize Europe

Georges Ugeux | Posted 05.28.2013 | Business
Georges Ugeux

With the announcement that the attempts by the Democrats to form a government have been derailed by what the Economist characterizes as two clowns, former Prime Minister Silvio Berlusconi and Beppe Grillo, the situation in Italy gets more dangerous.

The Battle of Cyprus: A Safe and a Shotgun or Publicly-Owned Banks?

Ellen Brown | Posted 05.27.2013 | World
Ellen Brown

The push to confiscate the savings of hard-working Cypriot citizens is a shot across the bow for every working person in the world, a wake-up call to the perils of a system in which tiny cadres of elites call the shots and the rest of us pay the price.

The Cyprus Deal Signals a Rise in the Far Right in Europe

Daniel Wagner | Posted 05.25.2013 | World
Daniel Wagner

News of the 10-billion-euro bailout for Cyprus should not be cause for celebration. Europeans are rightly insecure about what comes next, as they should be given the precedent that has been set.

Be Bullish! Bernanke Has Spoken!

Michael Farr | Posted 03.22.2013 | Business
Michael Farr

On the heel of Cypriot bank-deposit delirium, we suspect that the U.S. central bankers had more than enough concern to hold firm to the seemingly limitless flow of monetary easing.

ECB: Cyprus Is Four Days Away From Bankruptcy

AP | MENELAOS HADJICOSTIS and ELENA BECATOROS | Posted 05.21.2013 | Business

NICOSIA, Cyprus — Cypriot politicians moved Thursday to restructure the country's most troubled bank as part of a broader bailout plan that must...

On the Ground in Europe

Mohamed A. El-Erian | Posted 05.20.2013 | Business
Mohamed A. El-Erian

As they scramble to sort out the mess in Cyprus, European officials would be well advised to constantly remind themselves of a reality that I suspect extends across the continent: Despite all the happy talk about smaller deficits and lower sovereign credit spreads, citizens are yet to feel any notable improvement in their actual standard of living and in their prospects. Day in and day out, this situation undermines the population's confidence in the timely responsiveness of their elected representatives, the political system and traditional political parties. The longer this persists, the harder it will be to pivot to the type of policy reforms needed to decisively avoid more years of economic difficulties.