The ECB accuses the politicians of inaction, continues injecting billions to banks

Last Saturday 8 July the Belgian newspaper De Standaard published an interview with Peter Praet, Member of the Executive Board and chief economist of the European Central Bank. Praet said it plainly “We do say that we still need a long period of accommodative policy before we are ready”. What he means by ‘being ready’ […]

Italian banks: It’s Rome’s turn to confront Berlin’s aggressiveness

Italy, after Greece, is now the next target of the archetypical Teutonic aggressiveness, aimed this time at making the life difficult for Paolo Gentiloni the new Prime Minister. The problems Rome has with the country’s banking system are being exaggerated and used by Berlin to either pave the road leading outside the euro area or […]

What if Trump wins the November election and Renzi loses the December referendum?

After the Brexit, it became apparent that a large or probably the largest part of citizens/voters in the western world are questioning, if not strongly protesting against globalization, having felt its onerous consequences. The free movement of people, goods and capital is not any more a perceptibly good thing for the average man in the […]

Conflicting statistics and bad banks haunt the Eurozone

Last week, Eurostat, the EU statistical service, released its flash estimate of the GDP of the first quarter of 2016, finding it, in both the Eurozone and the EU28, to be 0.5% bigger in comparison to the previous period. In the fourth quarter of 2015, GDP had also grown by 0.3% and 0.4% respectively. Does […]