ECB is reportedly considering a negative deposit rate, meaning eurozone lenders would have to pay the ECB to deposit money with it. <!– remove the whitespace added by escenic before end of tag –> By James Titcomb, and Ben Martin… Read More ›
Mario Draghi
EU getting ready to destroy the banks yet again?
Draghi: ‘please don’t destroy Europe’s banks yet again’ By Ambrose Evans-Pritchard Economics Last updated: October 22nd, 2013 El Pais has obtained the devastating letter by the ECB’s Mario Draghi warning Europe’s authorities not to set off yet another conflagration with… Read More ›
Central bankers gone wild
Central bankers rarely do radical, or even surprising, things. This week it happened twice. Hold on to your pinstripes. Thomas MuchaDecember 14, 2012 06:19 Federal Reserve Chairman Ben Bernanke holds a press conference following a Federal Open Market Committee meeting… Read More ›
Spain and Italy criticise Berlin plan for EU to police budgets
Europe divided over German proposals for a ‘super commissioner’ who could punish nations with large deficit Giles Tremlett in Madrd The Guardian, Monday 29 October 2012 16.53 EDT Spain’s prime minister Mariano Rajoy said about plans for an EU ‘super commissioner:… Read More ›
Debt crisis: ECB board member shuts door on Greek pleas for leniency: it would be illegal and “illogical”
Greece cannot have more time to repay its debt to the European Central Bank because it would be illegal and “illogical”, board member Joerg Asmussen has said, as he shut the door on pleas for leniency from the bank. Last… Read More ›
Greek crisis is ‘like the Weimar Republic’
Greece is plunging into an economic and social crisis as desperate as Germany under the Weimar Republic, the Greek prime minister, Antonis Samaras, has warned in an emotional appeal for leniency. Greece is plunging into an economic crisis as desperate… Read More ›
European Central Bank and the Federal Reserve succesful in their plan to devalue the Dollar to protect the Euro
US Dollar takes a Hit Sunday, 30 September 2012 The Dollar Index fell by the most since the first quarter of 2011 after the European Central Bank pledged to protect the euro from unraveling and the Federal… Read More ›
Spain must leave the euro: ” Spain is damned if it leaves, but damned for eternity if it stays”
Mario Draghi’s promise to do “whatever it takes” to save the euro never did look like inducing any more than a temporary lull in the storm; still less did the German Constitutional Court’s thumbs up to the European bail-out fund… Read More ›
Debt crisis: central bank action is work of the devil, says Germany’s Jens Weidmann
The head of Germany’s Bundesbank has raised eyebrows across Europe after he appeared to compare Mario Draghi’s bond buying programme with the “devil’s work”. Jens Weidmann said that efforts by central banks to pump money into the economy reminded him… Read More ›
Greeks stage mock hangings in protest at austerity measures as European Central Bank riles Germans with euro debt plan: With the Support of Greek Security Forces
Nearly 2,000 members of the Greek security forces attended rally in protest at austerity measures and proposed pay cuts Took place on same day as ECB launched new plan to save the euro by buying the debt of troubled eurozone… Read More ›
Finland prepares for break-up of eurozone
Finland is preparing for the break-up of the eurozone, the country’s foreign minister warned today By Ambrose Evans-Pritchard, in Helsinki 9:00PM BST 16 Aug 2012 The Nordic state is battening down the hatches for a full-blown currency crisis as… Read More ›
Engineering Evil 