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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 with the country’s banking system are being exaggerated and used by Berlin to either pave the road leading outside the euro area or […]
The European Central Bank announced last week that under its extraordinary Asset Purchase Program (APP), it has injected €712.3 billion into the euro area financial system until January this year. Out of that, €544.2bn are Eurozone government and public entities bonds, bought under the Public Sector Purchase Program (PSPP). This last plan was decided in […]
In Eurozone the confrontation between ‘austerity lovers’ and ‘relaxationists’ presented a new and course changing sequel last week, with German heavy artillery fire towards Brussels and Paris. The German Federal Minister of Finance, Wolfgang Schäuble, accused the Brussels Commission and personally the President Manuel Barroso for delaying the realisation of EU programmes to fight youth […]
At last Francois Hollande said it. The French President in a strong statement yesterday said the Eurozone must have an exchange rate policy for the euro. It was high time that Hollande said that, because no other Eurozone leader has the weight to demand such a ground-breaking monetary policy change. So far all European Central […]
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