iOS app Android app

Mario Draghi

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

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.

Unanswered Questions for a Consequential Autumn

Terry Connelly | Posted 11.26.2014 | Business
Terry Connelly

In the American democracy we have collectively (or by passive default) chosen to have at the moment, to serve and assuage our divergent biases, the question is whether a governing plurality, as Jack Nicholson said, is "as good as it gets."

If 2 Percent Is the New 4 Percent, Where Would the Economy Go From There? Let's Think It Uber!

Terry Connelly | Posted 08.12.2014 | Business
Terry Connelly

Renting a house, snagging a ride on your smartphone, and de-leveraging your balance sheets would truly be a new American way, with tremendous implications for policymakers including the Fed if a geopolitical or natural disaster hit and it was stuck at an already low interest rate.

What Is Draghi Waiting For?

Pablo Zalba | Posted 06.16.2014 | World
Pablo Zalba

Since interest rates are already at record low, all expect the ECB to announce unconventional measures like the American style QE, which could increase inflation and give a small boost to the economy.

Europe's Incomplete One-Year Anniversary

Mohamed A. El-Erian | Posted 09.25.2013 | Business
Mohamed A. El-Erian

I was in the audience exactly a year ago when Mario Draghi, the well-respected president of the European Central Bank (ECB), made his now-famous "whatever it takes" remarks. Twelve months later, this stands out as the boldest and most successful initiative in the history of modern central banking. Yet the durability of the benefits is undermined by Europe's frustratingly slow progress in getting to grips with its growth and employment deficits. In celebrating the one-year anniversary, the West would be well advised to also think in terms of foregone opportunities. And we should constantly remember the millions of unemployed, the alarmingly high joblessness among the young, the struggles that too many face in securing their families wellbeing, and the growing number of retirees that are legitimately worried about their pensions.

Beyond the Eurocrisis: Is More Democratic Governance the Solution for Europe?

Luka Orešković | Posted 07.22.2013 | Politics
Luka Orešković

If invested with popular legitimacy, Europe's success will depend on balancing it with long-term focused meritocratic governance and avoiding capture by short-term and particular special interests. A middle Way between West and East is indeed necessary.

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...

Implications of Europe's Stumble in Cyprus

Daniel Wagner | Posted 05.19.2013 | Business
Daniel Wagner

Cyprus has, for the first time, demonstrated there is in fact a limit to what northern European countries will do to preserve the illusion that Euro land can remain a cohesive and equal entity.

Blaming the Victims: Mario Draghi on Mass Unemployment in Europe

Robert E. Prasch | Posted 05.19.2013 | Business
Robert E. Prasch

Bankers -- and I kid you not, they do believe this -- are absolutely certain that they are victims of what has occurred, and for that reason are in no way or manner responsible for the ongoing crisis that is still destroying the economic prospects of tens of millions of people.

Central Bankers Making New Moves To Spur Global Economy

Reuters | Posted 04.05.2013 | Business

* Draghi, Carney to hog spotlight * ECB, BOE firmly on hold but unease stir over euro strength * Trade data eyed for sig...

Europe Has Nothing to Fear But Fear Itself

Prof. Klaus Schwab | Posted 02.12.2013 | Business
Prof. Klaus Schwab

The eurozone will not break up. The price of departure is simply too great for any one country. Indeed, when Mario Draghi announced on 6 September that the European Central Bank would undertake unlimited purchases of government bonds, the continent crossed the bridge to its future.

Mr. Draghi's Dangerous Confidence Game

Laurence J. Kotlikoff | Posted 01.08.2013 | Money
Laurence J. Kotlikoff

European Central Bank (ECB) Chairman Draghi has a very big agenda. Armed with only a printing press, he's pledging to directly bail out the GIIPS (Greece, Italy, Ireland, Portugal and Spain) and indirectly bail out their economies.

Europe's Latest Gimmick

Robert Kuttner | Posted 11.09.2012 | World
Robert Kuttner

The EU is now officially back in recession. Unemployment is rising in all of the nations that have submitted to austerity plans. Even the Germans, who benefit from the rest of Europe's pain because capital flight produces very low German interest rates, are headed for a recession later this year, according to the OECD. Europe's economies are prisoners of Merkel's austerity demands on one side, and the speculative attacks of the bond market on the other. In principle, the ECB could extend unlimited support to government bonds, and take the profit out of speculation. Draghi's latest announcement seems to offer just that, but the austerity conditions render it next to useless.

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...

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...

ECB Struggling To Do 'Whatever It Takes' To Save Euro

Reuters | Posted 11.04.2012 | Business

* Monti, Hollande call for action to cut excess borrowing costs * ECB rate decision, news conference on Sept. 6 ...

Will Actions Follow Words in Europe?

Mohamed A. El-Erian | Posted 10.23.2012 | Business
Mohamed A. El-Erian

Thank you Germany, Italy, Spain and, especially, the European Central Bank. They all said enough to provide markets and investors with a tranquil August so far. Will they now be able and willing to pivot from reassuring words to the series of actions required to enable this tranquility to grow deep roots?

Mario Draghi Covers The Rolling Stones' Greatest Hit

Terry Connelly | Posted 10.09.2012 | Business
Terry Connelly

American observers need to get used to how the Eurozone countries negotiate with each other -- with such a loose and ill-structured currency union, they have to use the only tools at their disposal.

Don't Blame Bernanke

Robert Kuttner | Posted 10.05.2012 | Politics
Robert Kuttner

If you watched any of the PBS encore broadcast of the Ken Burns documentary, The War, this past week, you have some sense of what kind of a production machine can be energized by government contracts in the face of a depressed economy. There is so much that we could spend that money on -- energy self sufficiency, infrastructure, a smart electrical grid, public transportation, better education at all levels -- all of which would not only create economic activity and jobs, but would make for a more productive economy. But nothing like this is part of the mainstream conversation. If you propose this sort of thing, you are packed off to the Museum of Un-reconstructed Keynesians. White House economists quietly admit that you are right, but you are politically radioactive (even with a Nobel Prize.)

Did Draghi Say What Investors Heard?

Raymond Ressy | Posted 10.03.2012 | Business
Raymond Ressy

Regardless of whether Draghi's recent statements were a statement of the obvious, investors seized upon the words as a way to try to force the ECB to take action.

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.

Bill Gross: Bank Is Playing 'Kick The Can' With The Euro Debt Crisis

The Huffington Post | Alexander Eichler | Posted 08.02.2012 | Business

Bill Gross isn't mad at Mario Draghi -- he's just disappointed. Gross, co-founder of the investment firm PIMCO, said that he wasn't all that impres...

ECB To Global Economy: Drop Dead

Mark Gongloff | Posted 10.02.2012 | Business
Mark Gongloff

Another day, another central bank failure.

Geithner: Congress Can 'Make Growth Stronger' In 'Near Term'

Reuters | Posted 09.30.2012 | Business

* EU leaders committed, have the means to resolve crisis - Geithner * U.S Congress must also do more to boost growth - Geithner ...