Will Trump be the American Gorbachev? It’s now or never for Europe to catch up with the United States’ economy, if the European Central Bank is willing to show the way, says economist Nicolas Goetzmann.
Will Trump be the American Gorbachev? It’s now or never for Europe to catch up with the United States’ economy, if the European Central Bank is willing to show the way, says economist Nicolas Goetzmann.
As recession predictions abound, stakes are higher than ever for the number crunchers at the world’s top central banks, who must also contend with the whims of the political class.
Which leaders will be remembered from this moment in history? So asks Catherine Chatignoux.
Europe’s Central Bank chief acted in past years to absorb EU bank debts and keep money flowing amid a major recession. Stable growth now depends on responsible policies by EU member states.
Politically speaking, Greece’s return to the drachma currency would be a defeat. But economically speaking, it doesn’t threaten European stability, and could offer the Greeks a chance at redemption.
Remember asset-backed securities and the 2008 global financial crash? Desperate to jumpstart Europe’s economy, the European Central Bank chief is making them presentable again.
There’s just one place the European Central Bank’s gender requirements won’t apply…