ECB Confirmed Recession
At Bratislava´s meeting the Governing Council of the ECB rewrote the monetary history of Eurozone. Council decided to lower basic interest rates to 0.5 % starting from May 8th 2013.…
And then He said: Euro! Face down! So it happened.
Let’s begin with currency wars once again. Why? It is a real current issue. Look. Francois Hollande urged partners within euro zone at the beginning of the week that strong…
Barroso has declared victory
It was the week of central banks announcements. But frankly speaking nothing new has happened. ECB let rates unchanged and so to say the Bank of England. Mario Draghi admitted…
Power of Central Banks Moved By Markets
Mario Draghi verbally intervened once again and does not hesitate to tell anything. He said that the ECB is considering further non-standard monetary policy tools and will deploy them if…
Be Careful What Money You Have in the Bank
The last week meeting of EU finance ministers brought about new rules on bank collapses. The new rules are definitely inspired by Cyprus event. Under the new regime, banks‘ creditors…
ECB four-flush
We already know that ECB is prepared to use so called OMT mechanism to buy on secondary markets government bonds in trouble. The only thing we know is that ECB…
More centralization
ECB decided not to make any changes to the policy and all rates remained unchanged. Mario Draghi said that ECB sees 0.6 % decline in GDP within Eurozone in 2013…
We Need Reforms
The European Central Bank warned about the risk of a renewed banking crisis. The main reasons behind are the euro zone’s slumping economy and a surge in problem loans. The…
Striptease of Spanish banking sector. No salaries for Senate and House members in the US.
The situation in the EU is fixed thus at least according to some European leaders. But last figures show us that the most powerful motor of the EU economy –…
We will print to eternity
There were two most important news of the last week. First one was the FED´s meeting we mention above. The FED will continue with purchasing of mortgage-backed securities and long…