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Analysis and Comment (11)

Positive interest rates meant Euros were stuck in the bank. Mario's Planet

Explainer: why does the eurozone need a negative interest rate?

It’s not unusual for central banks with economies to revive to let their interest rates go negative in “real” terms by keeping them below the rate of inflation. The eurozone, the US and the UK have done…
As Spanish Prime Minister Mariano Rajoy considers a bailout from the European Central Bank, commentators argue over whether the root of the country’s economic troubles sprang from its housing bubble, rather than prolifigate public spending. AAP

The cautionary tale of Spain’s real estate bubble

Spaniards Fernando and Sara got married in 2007. With the help of their parents, the couple bought a house in the outer suburbs of Sevilla because they couldn’t afford one closer to the city. An art history…
Spain’s Prime Minister, Mariano Rajoy, is under pressure to formally request a bailout from the European Central Bank. AAP

Spain at the crossroads: should it opt for a bailout?

Up until fairly recently, Spain was a story of economic success. It was an example of how the periphery of Europe was quickly catching up with the core. Between 1995 and 2007, Spanish real GDP grew at…
Protesters outside the Federal Constitutional Court of Germany express their anger over Germany’s support of the ECB’s debt buy-back scheme. AAP

Balancing stability and sovereignty will prove challenging for the Eurozone

The past few days have seen economic crisis management — if not the political landscape in the Eurozone — change fundamentally. On September 6, the ECB announced it would buy-back unlimited government…