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Appreciation of euro to continue
This January’s upwards trend of the euro parity with the other major currencies, the dollar and the yen, led today at a quote very close to the upper benchmark of 1.35, triggering worries about...
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ECB guarantees the liquidity of the Atlantic financial volume
There is no doubt that the European Central Bank is determined not only to continue supporting Eurozone’s real economy with liquidity at almost zero interest rate cost for as long as it needs to...
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ECB’s Draghi favours a cheaper euro to serve all Eurozone countries
György Matolcsy, the controversial Hungarian politician and economist, currently serving as governor of his country’s central bank, handpicked for the job by the equally controversial Prime Minister...
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The US banks drive the developing world to a catastrophe
How is it possible that the good news of the growth of the American economy which has raised its gear, also brings forth crisis and possibly destruction in developing countries? Yet this is exactly...
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The EU Commission implicates major banks in cartel cases, threatens with...
Three major international banking firms Crédit Agricole, HSBC and JPMorgan Chase came yesterday again under the watchful eye of the European Commission, for their role in financial sector cartels...
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The banks first to benefit from the new euro trillion ECB plans to print
Last week, all the major media reported a deep division in the Governing Council of the European Central Bank, over a Mario Draghi policy proposal to pump more freshly printed money into the struggling...
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Negative inflation hits Eurozone, ECB to print and distribute one trillion...
This week more indications emerged pointing to the possibility that the European Central Bank is to announce a government bond purchases programme sooner than expected. Negative inflation of -0.2%...
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Why Eurozone urgently needs the ECB to print and distribute at least €500...
Next Thursday 22 January the European Central Bank is expected to announce its new extraordinary monetary program (quantitative easing), under which the central bank or the 19 member state national...
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ECB’s €1.14 trillion again unifies Eurozone; Germany approves sovereign debt...
The long-awaited move of the European Central Bank finally came yesterday afternoon. Mario Draghi announced from ECB’s Press room in the Frankfurt tower that the Eurosystem, the central banking system...
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Big world banks to pay $ 4.95bn for cheating customers; Is it a punishment or...
Last week five of the world largest banks, JPMorgan, Barclays, Citigroup, Royal Bank of Scotland and Union de Banques Suisses were fined by the American magistrates a total of $ 4.7 billion for rigging...
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What the world will look like after the Iran and 5+1 deal; the US emerges as...
The first to travel to Tehran after the nuclear agreement was struck last week between Iran and the 5+1 (France, Russia, China, the United Kingdom, and the United States plus Germany) are the German...
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Why France, Italy and the US press Germany to accept a cheaper euro and pay...
Since last March the European Central Bank has being pumping at least €60 billion a month into Eurozone’s financial system, under its ‘expanded asset purchase program’, aimed at reviving the stagnating...
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A new global financial crisis develops fast; who denies it?
During the last two weeks the world’s largest stock markets had a wild time not seen since Lehman Brothers went bust on 15 September 2008. The New York stock exchange in Wall Street lost more than 8%...
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Germany loves a strong euro; the new Fiscal Councils can deliver despite the...
Last Saturday, 12 September, Commission Vice President Valdis Dombrovskis made some remarks after the informal meeting of ECOFIN (the EU ministers of Finance Council) in Luxembourg. The main item on...
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Why the ECB prepares to flood the markets with more and free of charge euro;...
Mario Draghi’s statement of last Thursday from Malta that the European Central Bank’s “monetary policy accommodation will need to be re-examined at our December monetary policy meeting”, offered a...
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Draghi tells the Parliament the ECB to use all its weaponry; euro slides to...
Undoubtedly, Mario Draghi’s speeches and comments are being carefully monitored, analyzed and discounted by government decision makers, capital market experts and of course the Press. Invariably, this...
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Who is to pay the dearest price in a global slowdown?
What happens in China is more important for the European economy than a meagre fall of unemployment in the Eurozone. Last Tuesday, China said its February exports dived by a record 25.4%, fuelling new...
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Will the outcome of the UK referendum “calm” the financial markets?
Just one day left for both the Remain and Leave campaigners to persuade the undecided Britons to vote in their favor promoting what is best for their country. The world is about to finally find out...
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Trump’s blasting win causes uncertainty and turbulence to the global...
So Donald Trump against all odds won the US elections and will become the 45th President of the United States of America. The latter had as a result to cause severe and immediate turbulences to the...
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Germany and Europe prepare for Trump’s America
Germany, and more generally the EU, is now preparing in earnest to confront the groundbreaking changes in their relations with Trump’s America. Last week, both the German Chancellor Angela Merkel and...
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