Which leaders will be remembered from this moment in history? So asks Catherine Chatignoux.
Tag: ECB
Conceived of last century by the American economist as a direct means for stimulating consumption, ‘dropping’ money on all households may be what Europe needs now.
The temptation to get rid of coins and paper bills is evidence of the failure of the monetary policy of central banks, which has led to negative interest rates.
MORE NORTH KOREAN NUCLEAR BOMBAST North Korean leader Kim Jong-un has ordered further nuclear tests to improve attack capabilities, national news agency KCNA reports today. Pyongyang has stepped up its threats and statements boasting about its nuclear capabilities since the U.S. and South Korea initiated joint military exercises on Monday. Today’s statement was made three […]
Amid all the talk of debt, defaults and deadlines, it is not easy to understand just what is actually going on in Greece. After yesterday’s momentous referendum, we shine the spotlight on five key points to offer a way out not only for Greece and the Eurozone, but for the rest of us on information […]
With scant help common from Frankfurt, a group of French intellectuals is calling for online donations to help the Greek people. Desperate times indeed.
JORDAN VOWS “HARSH” WAR VS. ISISJordan’s King Abdullah II has vowed to wage war against terrorist group ISIS. He explained that his country’s response to the killing of a Jordan pilot, shown in a video that has shocked the world, “will be harsh because this terrorist organization is not only fighting us, but also fighting […]
After the Greek election of radical leftists and the European Central Bank’s new liquidity, Europe is still where the rest of the world looks to understand themselves. History has so much to say.
UKRAINE DEATH TOLL TOPS 5,000At least 13 people died after a Donetsk city bus was hit by a shell this morning amid ongoing fights between the Ukrainian army and pro-Russian separatists. It takes the death toll in the Ukrainian conflict to more than 5,000. The attack, during which many more were injured, appears to have […]
There’s just one place the European Central Bank’s gender requirements won’t apply…
FRANCE 24, BLOOMBERG, REUTERS Worldcrunch BERLIN/PARIS – France slipped into recession while Germany’s economy expanded by a fraction, according to European economy data published on Wednesday. Statistics showed the forecasts for Europe’s two biggest economies were weaker than expected. The German GDP increased about 0.1% from the fourth quarter while the French economy contracted by […]
AP (USA), BBC, THE GUARDIAN (UK) Worldcrunch NICOSIA – Cyprus has no intention of leaving the euro zone, President Nicos Anastasiades said in a press conference on Friday. “In no way will we experiment with the future of our country,” declared President Anastasiades. He said the situation of the country had been “contained” following its […]
FRANCE 24 (France), CNN (USA) Worldcrunch FRANKFURT – European Union finance ministers have agreed on a deal giving the European Central Bank (ECB) new powers to supervise eurozone banks. This agreement came early Thursday after the ministers held talks for more than 14 hours in Frankfurt following months of tense Franco-German divisions. All finance ministers […]
-Analysis- MUNICH – Last month, for a moment, crisis-plagued European nations seemed to have reason to rejoice: Germany’s Constitutional Court had cleared the way for the European Stability Mechanism, the European Central Bank (ECB) announced its plan for potentially unlimited purchases of government bonds in crisis countries, and the EU Commission laid out a new […]
BERLIN – Even the ever competent European Central Bank (ECB) President Mario Draghi stumbled when he was asked how he was dealing with the fact that the Germans had reservations about his latest moves. That’s because the journalist at last week’s press conference didn’t address him as “President Draghi,” but as “Herr Weidmann.” Of course, […]
LES ECHOS (France), DIE WELT, DER SPIEGEL (Germany), IL SOLE 24 ORE (Italy) BLOOMBERG (US), BBC NEWS (UK) Worldcrunch FRANKFURT – Aiming to squelch speculation of an impending demise of the euro, European Central Bank President Mario Draghi said policymakers have agreed to an unlimited bond-purchase program to regain control of interest rates in the […]