Following ECB top chiefs’ latest press conference, some analysts thought that the ECB signaled the accommodative monetary policy (QE) will be ending while some other analysts said the ECB just opted for business as usual, meaning a smooth continuation of the QE. “Based on our...
Alan Greenspan, a former Chairman of the US Federal Reserve (Fed) from 1987 to 2006, deemed the collapse of the euro area inevitable if nothing changes. Expressing his “grave concerns” about the future of the European common currency, Greenspan told Gold Investor magazine that “the […]
Greece would still be on the brink of collapse, Italy would no longer control its public accounts and its banking system, the United States would seek to terminate the euro, the United Kingdom would seek a hard Brexit and major elections will take place soon...
Greece is again on the brink of collapse and threatens to return to the drachma, Italy has public accounts out of control and is next to early elections that will lead to further instability. The United States continues to attack Germany, first with fines for Deutsche […]
“We are not currency manipulators,” said Mario Draghi, President of the ECB, about his institution and Germany during a Q&A session in the European Parliament on February 6, 2017. Draghi replied to accusations made by Peter Navarro, an economic advisor to US President Donald Trump. […]
“The recovery of the euro area economy gained momentum at the start of the year. It is expected to proceed at a moderate but steady pace, supported by solid domestic demand and the effective pass-through of our monetary policy measures to the real economy,” said […]
“No one would claim (the euro) system of rules, safeguards and redistribution has been perfect. (…) But what we have built in Europe is a model for sustainable openness – one that can reap its gains while mitigating its unwanted effects,” said Mario Draghi, President […]
According to the latest data delivered by Eurostat, the European Union’s (EU) statistical agency, consumer prices have increased at a record pace since September 2013 among the 19 euro area member countries. The energy sector, marked by the rise in oil prices (WTI) from about […]
“I lost, and the post that gets eliminated is mine,” Italy’s Prime Minister Matteo Renzi said after his heavy defeat on his reforms referendum, triggering his resignation announcement and heightened likelihood of political instability in the Euro area’s third largest economy and currently in the […]
In January 2015, the decline of more than 60% in oil prices combined with historically low interest rates and the significant weakening of the euro (EUR) against the dollar (USD) provided Europe with a priori favorable conditions. The rare aggregation of these positive exogenous factors...