Last week Eurostat, the EU statistical service, confirmed that Eurozone inflation was stuck at zero percent in April, remaining in the region of deflation. No need to mention what a too low or zero or negative inflation means for a stagnating or even receding economy. Add to that the perilous position of Greece in and […]The ECB tells Berlin that a Germanic Eurozone is unacceptable and doesn’t work
May 28, 2015 by Leave a Comment
Last week Eurostat, the EU statistical service, confirmed that Eurozone inflation was stuck at zero percent in April, remaining in the region of deflation. No need to mention what a too low or zero or negative inflation means for a stagnating or even receding economy. Add to that the perilous position of Greece in and […]The ECB proposes a swift solution for SMEs’ financing
April 8, 2014 by 1 Comment
The European Central Bank is deeply worried about the ability of Eurozone’s SMEs to access bank financing at a reasonable cost and under competitive terms. The present business loan stalemate has already bitten into the growth prospects of the euro area, mirrored in the dangerous fall of inflation rate towards the deflation zone and the […]The untold story of who caused and who pays for the economic crisis
August 30, 2013 by Leave a Comment
Olli Rehn, Vice-President of the EU Commission responsible for the economy and euro and Yves Mersch, member of the executive board of the European Central Bank both delivered speeches yesterday in the European Forum Alpbach 2013, set in the breathtaking Alpine landscape. A very convenient excuse for an escape to Tirol. The European Forum Alpbach […]The strong version of the EU banking union gains momentum
June 18, 2013 by Leave a Comment
The creation of a real European Banking Union, built to serve all Eurozone member states on equal terms found yesterday a new strong supporter. Yves Mersch, a member of the Executive Board of the European Central Bank and former Governor of the Central Bank of Luxembourg speaking yesterday at the UniCredit Business Dialogue in Hamburg, […]
