Mario Draghi didn’t do it but Kim Jong-un did

Inauguration of the European Central Bank's new premises on 18 March 2015 in Frankfurt am Main, Germany. Mario Draghi (in the middle) cuts the ribbon. (European Central Bank Audiovisual Services).

Last Thursday, Mario Draghi, the President of the European Central Bank, was unable to move the capital and money markets with his customary monetary policy Press conference in Frankfurt am Main. On the contrary, North Korea’s leader Kim Jong-un, a global castoff, did it the next day just by pressing a button. However, it took […]

Brexit uncertainty keeps shaking the world’s financial markets

A view inside the London Stock Exchange.
Location: London - Stock Exchange / Reference: P-029216/00-01 / Date: 02/10/2015. © European Union  , 2015 / Source: EC - Audiovisual Service / Photo: Jack Taylor

The Bank of England (BoE) published yesterday its Financial Stability Report warning about the risks that the UK economy is facing after the Brexit vote on June 23. The uncertainty that Britain undergoes both economically and politically is something that the BoE takes into great consideration and aims to provide immediate remedies. While the sterling is hitting […]