At Davos 2023, IMF’s Georgieva urges monetary authorities to ‘stay put’ despite optimism

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Chris Hamill-Stewart, Freelance Editor, World Economic Forum, Gayle Markovitz, Business Editor, World Economic Forum The managing director of the International Monetary Fund (IMF) has urged the international community to stay realistic about the prospects of an economic recovery. At […]

A Monday to watch the final act of a Greek tragedy; will there be catharsis or more fear?

Today’s Eurogroup summit of the 19 euro area heads of state and government is convened by Donald Tusk, the President of European Council in order to bluntly present Alexis Tsipras, the Greek PM with a final ultimatum; ‘comply or leave the Eurozone’. Of course this initiative was not Tusk’s, given that his mandate is rather […]

Is ECB helping Germany to buy cheaply the rest of Europe?

Next Thursday 7 February the Governing Council of the European Central Bank will gather in Frankfurt in its regular monthly meeting, to discuss monetary policies and take the relevant decisions. Presumably there will be no change of ECB’s main interest rate, which is pegged at 0.75% as from 11 July 2012. Nor any other major […]