Merkel won but reforms failed
German elections – actually the most important EU election – ended by the victory of Angela Merkel. On the other hand the election ended with the defeat of strong right … Pokračovanie článku
Tag Archives: Germany
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 … Pokračovanie článku
New Definitions
The ECB cut basic rates last week to proceed with verbal interventions this week as well. Mario Draghi said that they are ready to cut interest rates again if needed … Pokračovanie článku
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. … Pokračovanie článku
Euro Will End in 5 Years
European Commission President Barroso started to criticize the austerity measures that the EU has imposed on the mainly Southern European members states in economic crisis. He stated that while the … Pokračovanie článku
UK and Germany Were Downgraded
Fitch Ratings has downgraded the United Kingdom to ‘AA+’ from ‘AAA’. The outlook is predicted as stable. The rating action reflects a weaker economic and fiscal outlook and possibility of … Pokračovanie článku
We Are Not Still Better Off
Euro zone finance ministers backed a 10 billion euro bailout for Cyprus and the European Commission would try to help the island’s economy grow again with better use of EU … Pokračovanie článku
Week of Weak Announcements
It was the week of central bank announcements – Japan (we will describe it below), Britain and ECB. Bank of England and ECB policy remained unchanged which means that interest … Pokračovanie článku
After Cyprus
The rescue package for Cyprus finally consists of a 10 billion euro bailout from the ESM and it has one crucial condition of taxation all deposits larger than 100,000 euros … Pokračovanie článku
Will be Cyprus Rubicon moment?
I think that the Cyprus situation was a dominant one during the last week. I do not want to bother you with the same information you already read somewhere else … Pokračovanie článku
Nothing is weaker than strong Brussels rules
The Governing Council of the ECB decided that main interest rates will remain unchanged. The reasons behind the decision were facts as repayment of 22% of the LTRO program which … Pokračovanie článku
You could bet. Will it be Spain or Italy which breaks the Eurozone first?
Outcome of Italian elections has caused a chaos within the Eurozone. European leaders were honestly sad because of stalemate political situation in Italy. You could see during first days of … Pokračovanie článku
Spain and Italy should be on the radar
When there are no good news in short term let´s create them in the long term. This is definitely slogan of all politicians. European commission for example predicted very slow … Pokračovanie článku
Recession hit the European Union
After the optimistic version that everything is solved in the EU the economy of euro group shrank by 0.6% and EU 27 area was down by 0.5 % in the … Pokračovanie článku
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 … Pokračovanie článku