This article is brought to you in association with the European Parliament. Christine Lagarde obtained Parliament’s approval to be the ECB’s next President, in a plenary vote on Tuesday. In the secret vote, MEPs voted 394 in favour, 206 against and 49 abstentions to recommend Ms Lagarde to head up the European Central Bank. The European […]European Parliament gives green light to Christine Lagarde
September 19, 2019 by Leave a Comment
This article is brought to you in association with the European Parliament. Christine Lagarde obtained Parliament’s approval to be the ECB’s next President, in a plenary vote on Tuesday. In the secret vote, MEPs voted 394 in favour, 206 against and 49 abstentions to recommend Ms Lagarde to head up the European Central Bank. The European […]Draghi: ECB to flood Eurozone and the world with more zero cost money; risk of drowning in cash
March 11, 2019 by Leave a Comment
Last Thursday, the European Central Bank decided to start again feeding the bankers with more zero cost trillions. This was a surprise to many, because everybody thought the €2.6 trillion the ECB has already handed to banks free of charge were enough. Seemingly, Mario Draghi thinks it is not and hurried to invite the bankers […]Draghi to lay his print on long term ECB policies prior to exiting next year
September 17, 2018 by Leave a Comment
Mario Draghi, the President of the European Central Bank, was criticized by major global financial media for insisting to end the easy money policy this December. The argument is that, after ECB’s Governing Council decided at the end of the prosperous 2017 to end its extraordinary monetary policy, the world has become a riskier place. […]Draghi joined Macron in telling Germany how Eurozone must be reformed
May 17, 2018 by Leave a Comment
Mario Draghi the President of ECB, speaking at the European University Institute in Florence, on 11 May 2018, must have been under the influence of the idealistic aura of this Florentine learning institution. He went as far as proposing political policies, bravely overstepping his role as central banker of Eurozone. Draghi asked for an effective […]Draghi keeps the euro cheap, helps debt refinancing, recapitalization of banks and growth
December 18, 2017 by Leave a Comment
Last Thursday, the European Central Bank decided to keep flooding the Eurozone with hundreds of billions, despite strong objections coming from the frugal German-Dutch duo. Mario Draghi was adamant about that. It’s interesting to follow his response to a journalist’s remark, who reminded him that the “Dutch Central Bank President Klaas Knot said in a […]The ECB accuses the politicians of inaction, continues injecting billions to banks
July 13, 2017 by Leave a Comment
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’ […]Draghi repels Trump’s threats, rejects Schauble’s dictums
January 23, 2017 by Leave a Comment
Mario Draghi, the President of the European Central Bank, is under mounting pressures both at home and abroad. From the other side of the Atlantic US President Donald Trump is overtly targeting a much cheaper dollar compared to euro, while at his inaugural speech he clearly praised trade protectionism by saying, “Protection will lead to […]After the Italian ‘no’ and the Brexit, Germans must decide which Europe they want
December 8, 2016 by Leave a Comment
There is no doubt that Europe is in disarray. The long standing malaise of high unemployment and economic stagnation has already mutated into critical political problems. The mutations of the European political ecosystem take various, unseen before forms. In the northern EU countries they invariably appear as extreme right or even semi-fascist political parties, inflated […]
