Mainland Europe adopts Germanic cartel business patterns
As in VW’s diesel engines emissions scandal, in the case of Estonia’s half banking system working as mafia’s financiers, it was the Americans to unveil the wrongdoings. Is it by chance or the Europeans...
View ArticleGermany resists Macron’s plan for closer and more cohesive Eurozone; Paris...
Last week, surprising everybody, Francois Villeroy de Galhau, Governor of the Bank of France and member of European Central Bank’s Governing Council said that the decision to stop ECB’s extraordinarily...
View ArticleThe ECB must extend its money stimulus beyond 2018: Draghi reckoning
Last Thursday, 26 April Mario Draghi, tactfully left it to be understood that Eurozone may not any more grow so fast as we all knew it was doing until recently, and, consequently, the inflation goal of...
View ArticleDraghi joined Macron in telling Germany how Eurozone must be reformed
Mario Draghi the President of ECB, speaking at the European University Institute in Florence, on 11 May 2018, must have been under the influence of the idealistic aura of this Florentine learning...
View ArticleWhy Italy will not follow the Greek road; Eurozone to change or unravel
the next Italian election is, very probably, to take place within the next few months or even weeks. Then, Berlin, the rest of Eurozone capitals and probably the entire western financial world will...
View ArticleCentral banking in times of complexity
Panel remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at a conference on the occasion of Sveriges Riksbank’s 350th anniversary, Stockholm, 25 May 2018. Brought to you by the European...
View ArticleDraghi to hold on zero interest rates until he leaves ECB
The announcement of the end of the monthly money injections into Eurozone by Mario Draghi, the President of the European Central Bank was not received in the capital markets as a hawkish toughening of...
View ArticleGreece leaves EU aid program, gets last 15 billion euro
This story is brought to you in association with the European Council – Eurogroup Completion of the fourth and final review and growth strategy The Eurogroup commends the Greek authorities for the...
View ArticleDraghi to lay his print on long term ECB policies prior to exiting next year
Mario Draghi, the President of the European Central Bank, was criticized by major global financial media for insisting to end the easy money policy this December. The argument is that, after ECB’s...
View ArticleItaly’s revised budget remains roughly unchanged waiting for Europe’s fury
The Italian government concluded its revised budget a few hours ago and as expected the Italian budget plan remained the same with small amendments, such as plans to sell off some government real...
View ArticleMerkel refuses to consider the North-South schism of Eurozone
The European leaders who form the EU ‘directoire’ may get together as many times as they like, but still appear incapable of solving the club’s existential problems. Last Monday the German Chancellor...
View ArticleMario Draghi didn’t do it but Kim Jong-un did
Last Thursday, Mario Draghi, the President of the European Central Bank, was unable to move the capital and money markets with his customary monetary policy Press conference in Frankfurt am Main. On...
View ArticleTrailing the US-EU economic confrontation
More than one economic pundit felt relieved learning that Eurostat, the EU statistical service last Friday estimated the September CPI inflation in Eurozone at 0.4%, the highest level in two years....
View ArticleCan the EU afford to block China’s business openings to Europe by denying her...
The way Wallonia, Belgium’s French speaking region approved CETA – the comprehensive economic and trade agreement between the EU and Canada – is a rather dark landmark. In the future, Europe’s trade...
View ArticleAfter the Italian ‘no’ and the Brexit, Germans must decide which Europe they...
There is no doubt that Europe is in disarray. The long standing malaise of high unemployment and economic stagnation has already mutated into critical political problems. The mutations of the European...
View ArticleECB: The bastion of effective and equitable Europeanism keeps up quantitative...
Last Thursday, 12 December, Mario Draghi, President of the European Central Bank, was forced to compromise with the Germans during the Governing Council’s regular meeting. He accepted to reduce the...
View ArticleDeutsche Bank chased away from US, threatened with more fines
The US Department of Justice settled its claims against Deutsche Bank, the biggest German lender, for packaging and selling toxic mortgage securities to uninformed customers prior to the 2008-2010...
View ArticleItalian banks: It’s Rome’s turn to confront Berlin’s aggressiveness
Italy, after Greece, is now the next target of the archetypical Teutonic aggressiveness, aimed this time at making the life difficult for Paolo Gentiloni the new Prime Minister. The problems Rome has...
View ArticleGermany and Europe prepare for Trump’s America
Germany, and more generally the EU, is now preparing in earnest to confront the groundbreaking changes in their relations with Trump’s America. Last week, both the German Chancellor Angela Merkel and...
View ArticleDraghi repels Trump’s threats, rejects Schauble’s dictums
Mario Draghi, the President of the European Central Bank, is under mounting pressures both at home and abroad. From the other side of the Atlantic US President Donald Trump is overtly targeting a much...
View ArticleWhy is Grexit again in the news? Who is to pay for Eurozone’s banking problems?
Grexit, Greece’s exit from the euro area, is back in the news – for the wrong reasons. During this past week, the country’s creditors, the European Commission, the European Central Bank, the European...
View ArticleThe four top Americans who flew to Europe perplexed things about Trump’s...
Four top ranking Washington bigwigs – who flew to Munich, Brussels and Bonn to mend fences with Europe, after Donald Trump termed NATO ‘obsolete’ and rejoiced the unraveling of the EU, left the...
View ArticleTrump to subject the Fed, challenge the ECB and make Wall St. bankers even...
It’s obvious by now that the European Central Bank and its President Mario Draghi are following a diametrically opposite monetary policy than the American central bank, the famous FeD. Both Draghi and...
View ArticleThe ECB again takes care of the bankers not the people
Last week the European Central Bank surprised everybody by letting it be known that interest rates will “remain at present or lower levels for an extended period of time, and well past the horizon of...
View ArticleGermany caught with selfish double standards in euro area policy
Over the past three years the European Central Bank, guided by its President Mario Draghi, has been folowing a super relaxed monetary policy. It has been aiming at reviving uncertain economic growth...
View ArticleECB intervenes to clean May’s and Schäuble’s mess
Last Thursday 8 June, on the day the Britons were punishing Theresa May for her mistakes and arrogance, the European Central Bank under Mario Draghi was preparing for a less favorable politico-economic...
View ArticleThe ECB accuses the politicians of inaction, continues injecting billions to...
Last Saturday 8 July the Belgian newspaper De Standaard published an interview with Peter Praet, Member of the Executive Board and chief economist of the European Central Bank. Praet said it plainly...
View ArticleYellen and Draghi tell Trump and markets not to expedite the next crisis
The disappointment of financial markets with the lack of hints about monetary policy from the Jackson Hole gathering of central bankers is understandable. Both Janet Yellen, US Federal Reserve System...
View ArticleIs euro to repeat its past highs with the dollar?
The strengthening of the euro vis-à-vis the US dollar is taking alarming proportions, puzzling markets and the European Central Bank. The Eurozone single currency has gained 14% from the beginning of...
View ArticleDraghi’s 2018 compromise: enough money printing to revive inflation and check...
Last Thursday Mario Draghi, the President of the European Central Bank, reassured the Eurozone banking conglomerates they will continue being blessed with zero cost money, well into the foreseeable...
View ArticleThe silent euro-dollar parity war rages but realities at home prevail
At last, the European economy is growing faster than the US. According to Eurostat, the EU’s, statistical service, during the second quarter of this year, GDP grew by 2.4% in the club of 28 member...
View ArticleGerman political spillovers: ECB’s Draghi resists first attacks by AfD
Last Monday, Mario Draghi, President of the European Central Bank, speaking at the Economic Committee of the European Parliament had the opportunity to test the grounds and familiarize himself with the...
View ArticleExtra mild ECB tapering of QE and zero interest rates keep euro low
Last Thursday, Mario Draghi, the President of the European Central Bank performed again his superb balancing act, between the needs of the South and the demands of the North. He led the Governing...
View ArticleFed, ECB take positions to face the next global financial crisis; the Brits...
The appointment of Jerome Powell as the next head of the US central bank, the famous Fed, is a reassurance to the financial world that the giant lenders will continue being favored by ample and very...
View ArticleBanks, insurance giants are free again to abuse the real economy
Not many years after the financial meltdown of 2008-2010, the main culpable parties for that global catastrophe, the big banks and the gigantic insurance companies are now commandingly asking the world...
View ArticleDraghi keeps the euro cheap, helps debt refinancing, recapitalization of...
Last Thursday, the European Central Bank decided to keep flooding the Eurozone with hundreds of billions, despite strong objections coming from the frugal German-Dutch duo. Mario Draghi was adamant...
View ArticleMinority governments ‘à la mode’ in Europe but can they last long?
With the Italian elections set for 4 March and anticipated to produce a hang parliament, four out of the five bigger European countries will be in political limbo for a good part, if not for the entire...
View ArticleA Trumpist squad shook Davos and the world
Towards the end of last week, in Davos, a money devaluation war broke out. In the ‘magic’ Alpine mountains American Trumpist dignitaries did what was expected of them: they told the world they don’t...
View Article‘Safe Eurobonds’: a new trick to betray the south euro area countries
All along the years after the 2008-2010 financial crisis, which in the European Union took the form banking/government debt breakdowns starting with Greece, there were cries for the creation of a solid...
View ArticleECB to people: Not responsible if you lose money on Bitcoin, your governments...
Last Tuesday, 13 February Mario Draghi, the President of the European Central Bank in the most solemn terms said regulating or even banning Bitcoin “it’s not the ECB’s responsibility to do that”....
View ArticleGermany readies to pay for the Brexit gap in EU finance
As expected, last Friday’s informal European Council of the 27 EU leaders didn’t produce any tangible result regarding its main agenda item; the future of Europe. The EU leaders just quarreled on who...
View ArticleDraghi tells the EU Parliament his relaxed policies are here to stay
The too slow or non existing pace of wage increases is the main reason for the non revival of inflation in Eurozone. This is what Mario Draghi told the Economic Committee of the European Parliament...
View ArticleDraghi strives to control the unruly exploitation of financial markets by...
During the past few weeks, financial markets sharks have been sending stock and bond prices and money parities wildly up and down, while busy securing for themselves hefty short term gains. Obviously,...
View ArticleMEPs spell out priorities for the European Central Bank and on banking union
This article is brought to you in association with the European Parliament. MEPs on Wednesday set out their priorities for the European Central Bank’s actions in the coming year and those for moving...
View ArticleMario Draghi quizzed for last time by Economic and Monetary Affairs Committee
This article is brought to you in association with the European Parliament. European Central Bank President and Chair of the EU’s economic risk watchdog Mario Draghi appeared for the last time in...
View ArticleFed and ECB prepare a new party for the financial sharks
At the time of trillion dollar companies and global borrowing much above the 2008 crisis levels, and after nine years of continued swelling of values in all and every western capital markets, bankers...
View ArticleThe financial world upside-down: debt failure closer
A round $10 trillion worth of bonds are currently being traded in world markets on negative interest rates. At the same time, the European Central Bank prepares to flood the Eurozone and the banking...
View ArticleThe world condemned by neo-liberals to feed trillions to banks: the New Deal...
One after the other, all the major central banks of the world follow the regrettable example of the Fed and the ECB in reversing their efforts to contain the greed of the financial mammoths. The...
View ArticleLagarde discusses the European Central Bank’s policy revamp with MEPs
This article is brought to you in association with the European Parliament. ECB President Christine Lagarde, on Thursday fielded questions from the Economic and Monetary Affairs Committee on the review...
View ArticleECB policy is working, but new challenges need new responses
This article is brought to you in association with the European Parliament. Slowing economy requires ECB to continue its interventions, but governments must also do their part ECB policies should...
View Article
