A call to break with the leadership of Greece's ruling party has highlighted the futility of debt-led austerity and the burden it places on people on the wrong side of a banker's bad bet.
Alexis Tsipras’ visit to Moscow this week drew a terse response from Angela Merkel, but no deal has been announced.
Alexey Nikolsky/Ria Novosti/Kremlin Pool/EPA/AAP
The European Central Bank (ECB) symbolises the strange mix of politics and technocracy that marks EU governance. The bank was pushed to centre stage by the eurozone debt crisis and the unwillingness or…
Keeping them waiting. Mario Draghi.
World Economic Forum
Mario Draghi did get round to announcing a much-anticipated new round of quantitative easing (QE) in the end, but never have nine minutes felt so long. The world tuned into the European Central Bank press…
This Greek election is the most important in recent memory. It appears Syriza has won by a large margin, ending four decades of two-party rule in Greece. Since 2010 – and as a result of austerity measures…
Will Mario Draghi, president of the European Central Bank, continue with its disastrous policy history?
EPA/Boris Roessler
As investors anxiously await the announcement from the European Central Bank about whether the eurozone will implement quantitative easing (QE), we can tell from the ECB’s track record that it is very…
Greece is again making headlines, and markets are concerned the euro crisis is back. Actually, the crisis never left. It is just that for a little while both the authorities and the markets chose to cherish…
How much longer will both flags fly over the Acropolis?
Reuters
For faithful followers of the European economy, it feels like déjà vu all over again. Turmoil in Greece is raising doubts about the country’s continued membership in the eurozone. The specter of a “Grexit…
Prime Minister Antonis Samaras is seeking a vote of confidence.
EPA/Pantelis Saitas
Marianna Fotaki, Warwick Business School, University of Warwick
The Athens stock market plunged in its biggest one-day fall since the 1980s on December 9, following the Greek prime minister’s shock decision to call a snap presidential election for December 17. This…
The crisis of growth in the eurozone economy is now in its seventh year and the outlook is truly grim. But a new consensus is gradually emerging that could help lift euro countries out of this ongoing…
The European Central Bank (ECB) has announced the results of “stress tests”, which assess whether or not banks will fail, or require a taxpayer-funded bailout, if the economy were to turn sour. 130 banks…
Can Draghi the gambler feel Europe’s pulse?
Dennis Skley
The European Central Bank’s decision to cut its interest rates further showed that the zero rate rubicon holds no fear, while one substantial bullet was kept in the barrel. It is a useful marker for markets…
Mark Carney and Mario Draghi are fortunate men. Although things may appear difficult now, they could be much worse. War in Iraq, Syria and Eastern Ukraine have the potential to send oil and gas prices…
Mario Draghi almost single-handedly rescued the Eurozone from disaster two years ago, by pledging to do “whatever it takes to preserve the euro”, so the appeal from the European Central Bank (ECB) chief…
In the eye of the beholders, dollar dominance rules.
http://www.welovecostarica.com/watching/
In imploring the world to be less dependent on the US dollar for international transactions, French finance minister Michel Sapin is expressing a wish that many of the euro’s creators hoped would already…
Why so negative? Mario Draghi at the ECB.
Arne Dedert/EPA
When the European Central Bank unveiled a handful of unconventional monetary policies recently, one above all grabbed the attention. The inception of targeted long-term refinancing operations, preparatory…