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 American central bank, the Fed, and the European Central Bank will continue feeding the giant financial conglomerates with $4.5 trillion […]The world condemned by neo-liberals to feed trillions to banks: the New Deal exorcised
May 2, 2019 by 1 Comment
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 American central bank, the Fed, and the European Central Bank will continue feeding the giant financial conglomerates with $4.5 trillion […]Germany resists Macron’s plan for closer and more cohesive Eurozone; Paris and Berlin at odds
April 23, 2018 by Leave a Comment
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 accommodating monetary measures this year, is premature. So, according to him, the central bank must continue applying its extra relaxed measures well beyond this year. […]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 […]Draghi’s 2018 compromise: enough money printing to revive inflation and check euro ascent
September 11, 2017 by 3 Comments
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 future. He stated, “one thing is clear; the bottom line is that interest rates will stay, as it’s written here, at the present levels (zero for […]
