ECB money bonanza not enough to revive euro area, Germany longs to rule with stagnation

During the days ahead of last Thursday’s 3 December meeting of the European Central Bank’s Governing Council, financial markets and market oriented media had been pressing for a stronger monetary accommodation (easing), than what President Mario Draghi finally announced in the afternoon of that day. As a result, the euro appreciated markedly with the dollar […]

IMF’s Lagarde to Peoples of the world: You have to work more for the banks!

  Christine Lagarde, Managing Director of the International Monetary Fund, delivered a speech recently during this year’s Jackson Hole Symposium, praising the Unconventional Monetary Policies (UMP) followed by the central banks to save the world from a great depression, similar to the one of 1929. The risk was real as Lagarde noted but she didn’t […]