The ECB is committed for 750 billion against the epidemic.
The ECB puts itself in front of the States which will sharply increase their public deficit in order to fight the epidemic. The program will thus reduce financial fragmentation and…
Philippe Waechter's blog
The ECB will not follow the Federal Reserve
Will the ECB follow the Federal Reserve. Will it slash its main interest rates ? The answer is a clear no. The US 10 year interest rate dropped dramatically in…
Investment funding falters in the eurozone
The ECB survey on the supply and demand of credit from banks suggests that credit conditions change little vis-à-vis businesses and appear marginally less accommodating towards households; especially on real…
Governments against the euro zone
The ECB monetary policy became frankly accommodating only because Draghi had the perception that governments and the Commission would never let go on fiscal policy.
Will Christine Lagarde fall into the same trap as Draghi?
Will Christine Lagarde fall into the same trap as Draghi?
Eurozone growth painfully above 1%
GDP growth in the Euro zone is 1.2% (annualized rate) since the last quarter of 2017.The figure of 0.2% (0.75% annualized rate) for the third quarter of 2019 does not…
The ZEW remains weak in September
The ZEW measured as the average of its two components remains in very negative territory in September. Its reversal mentioned here and there is very relative. The expectation component is…
ECB accentuates financial repression for an extended period
The ECB has lowered its deposit rate by 10bp to -0.5% and will keep all of its rates at the current level or lower until inflation converges to 2%. In…
Immigration reform in Europe | VOX, CEPR Policy Portal
Faced with an existential threat to EU cohesion, not to mention the government of Chancellor Angela Merkel in Germany, European leaders fashioned a last-minute compromise in Brussels on 29 June to deal…