Last Tuesday, 13 February Mario Draghi, the President of the European Central Bank in the most solemn terms said regulating or even banning Bitcoin “it’s not the ECB’s responsibility to do that”. However, he didn’t refrain from eagerly pointing out the very risky and misty nature of the digital ‘monies’. So, when asked again if […]ECB to people: Not responsible if you lose money on Bitcoin, your governments are
February 15, 2018 by Leave a Comment
Last Tuesday, 13 February Mario Draghi, the President of the European Central Bank in the most solemn terms said regulating or even banning Bitcoin “it’s not the ECB’s responsibility to do that”. However, he didn’t refrain from eagerly pointing out the very risky and misty nature of the digital ‘monies’. So, when asked again if […]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 […]Extra mild ECB tapering of QE and zero interest rates keep euro low
October 30, 2017 by Leave a Comment
Last Thursday, Mario Draghi, the President of the European Central Bank performed again his superb balancing act, between the needs of the South and the demands of the North. He led the Governing Council of ECB, Eurozone’s most powerful body, to map the exit road from the extraordinary monetary measures (Quantitative Easing) state as frictionlessly […]Trump to subject the Fed, challenge the ECB and make Wall St. bankers even richer
April 13, 2017 by Leave a Comment
It’s obvious by now that the European Central Bank and its President Mario Draghi are following a diametrically opposite monetary policy than the American central bank, the famous FeD. Both Draghi and ECB Vice President Vítor Constâncio have loudly reassured everybody that the Eurozone’s central bank will continue injecting €60 to €80 billion a month […]Unemployment and exclusion brings EU cities to boiling point
June 3, 2016 by Leave a Comment
Last Tuesday Eurostat, the EU statistical service release its latest estimates about the April unemployment rate and May inflation in Eurozone, which unfortunately didn’t diverge markedly from the gloomy predictions of analysts. This week however, the same source published a very interesting survey about the labor market situation in EU. It’s a special report about […]ECB: Euro area should smooth out the consumption and income shocks of its members
June 4, 2015 by 1 Comment
Last Tuesday Brussels celebrated the return of the Eurozone inflation to positive grounds after five straight months of deflation (negative inflation). Some EU Commission economists, among others, assume that three positive decimal points of change of the level of consumer prices in May (0.3%), can signal the return of the economy to growth. Under an […]ECB settles the bank resolution issue, makes banking union tangible
May 25, 2013 by Leave a Comment
The enactment of the European Banking Union emerges now as the next statutory step for Eurozone and the European Union as a whole, if the block is to continue as a solid entity or starts unravelling during the next credit crisis, which might not be very far away. In any case the European Central Bank […]More bank bailouts at taxpayers’ expenses
February 2, 2013 by Leave a Comment
Yesterday the European Sting wrote that the Vítor Constâncio, Vice-President of the European Central Bank was asking for more taxpayers’ money to support careless “systemic” banks in case they fail. Possibly he could have longed to deny this “accusation”. To this effect he will get the floor here below to defend himself. In a speech […]ECB asks for more subsidies to banks
February 1, 2013 by 1 Comment
The European Union authorities have so far bestowed hundreds of billions of EU taxpayers’ money to the European Stability Mechanism and the European Financial Stability Facility of a total value of at least €700 billion, to be used to bailout banks and not only. As if those practically unlimited resources were not enough to secure […]
