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 close to 2% may not be achievable. He communicated that by not repeating what he had said on 8 […]The ECB must extend its money stimulus beyond 2018: Draghi reckoning
April 30, 2018 by Leave a Comment
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 close to 2% may not be achievable. He communicated that by not repeating what he had said on 8 […]Draghi strives to control the unruly exploitation of financial markets by banking leviathans
March 12, 2018 by Leave a Comment
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, this is to the detriment of the real economy, where values are produced by technology and sweat. In Europe and, partly, in the […]Draghi keeps the euro cheap, helps debt refinancing, recapitalization of banks and growth
December 18, 2017 by Leave a Comment
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 about that. It’s interesting to follow his response to a journalist’s remark, who reminded him that the “Dutch Central Bank President Klaas Knot said in a […]Extra mild ECB tapering of QE and zero interest rates keep euro low
October 30, 2017 by Leave a Comment
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 Council of ECB, Eurozone’s most powerful body, to map the exit road from the extraordinary monetary measures (Quantitative Easing) state as frictionlessly […]The silent euro-dollar parity war rages but realities at home prevail
September 18, 2017 by Leave a Comment
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 states compared to the same period of 2016 and 2,2% in the US. It’s worthwhile nothing that in both the […]Japan to invest in euro values
January 8, 2013 by Leave a Comment
Japanese minister of Finance Taro Aso early on Tuesday 8 January said his country will invest some of its huge foreign reserves in European Stability Mechanism debt paper. Japan is second only to China in foreign-exchange reserves with $1,274,160 million. Chinese foreign reserves are anything around $3.2 trillion. Almost instantly after the Taro statement the […]
