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Benoît Cœuré a French economist, Member of the Executive Board of the European Central Bank and former head of French public debt office, delivered a revealing speech on ECB’s programme for Eurozone state bond purchases in the secondary markets, known as Outright Monetary Transactions initiated in September 2012. Cœuré said that OMTs arrested and neutralised […]
A cascade of negative Eurozone statistics yesterday wouldn’t let the euro area social partners celebrate at ease today the 1st May labour day, because it is now proven beyond reasonable doubt that the seventeen member state euro money area is heading fast, towards a new and long recession, unless the applied austerity policy mix is […]
Dr Wolfgang Schaeuble, the German minister of Finance, drew yesterday his chauvinist rhetoric one step further, by denying the proposal that an increase of consumption demand in his country, could help the exports of the ailing Eurozone countries like Spain, Greece, Portugal, Italy and others. His outright denial was unfair, because he was in the […]
