ECB Policy-Failure On Display: European Businesses Aren’t Planning To Invest
byThere once was a time (at least in banished Austrian economic circles) when low market interest rates signaled to entrepreneurs a positive environment in…
ECB
Mario meets Spinal Tap
byNot only is he a man who does not seem to understand how banks actually, not only is he dominated with the idée fixé…
Ryan McMaken: The European Central Bank Finally Throws in the Kitchen Sink
byBack in January, ECB President Mario Draghi doubled down on his earlier commitment to do “whatever it takes” to prop up the European economy with…
Jittery January Markets – Does the ECB have Contingency Plans?
byThe ECB must be aware that investors’ confidence in stock markets, particularly bank shares, dropped in January. If contingency plans exist, they are likely…
Interview with Dr Benn Steil, Director of International Economics at the Council on Foreign Relations
byDr. Benn Steil is senior fellow and director of international economics at the Council on Foreign Relations in New York. He is also the…
Emerging Markets Fear Yellen, But Need To Keep Their Eye On Draghi
byMr. Steil is director of international economics at the Council on Foreign Relations. Ms. Smith is an analyst at the Council. President of the European…
Greece crisis proves the need for a currency Plan B
byThe recent Greek capitulation under pressure from other euro member countries, led by Germany, demonstrates that euro members have de factoceded sovereignty over fiscal policy to…
Zero Hedge: Portugal’s Debts Are (Also) Unsustainable
byPortugal’s Debts Are (Also) Unsustainable Everyone seems to be focusing on Greece these days – a country so indebted that it needs even more loans…
Acropolis Now, Again
byIt goes without saying that you pick up any newspaper or journal of late and one is bombarded with how Grexit and contagion risk…
A Complete Guide to European Bail-Out Facilities – Part 2: Target2 & EFSF / ESM
by[This is from 2013, first published here http://bawerk.net/2013/09/05/a-complete-guide-to-european-bail-out-facilities-part-2-target2-efsf-esm/] Today we present the Target2-system and the fiscal bail-out facilities in our series on European efforts…