Tags: european central bank
Preserving the EU from the Destruction of the Euro: No Silver Bullets
December 3rd, 2011
in Op Ed
by Guest Author Pippa Malmgren, PippaMalmgren.com, written November 11, 2011 The German and French policymakers have now realized that they may not be able to preserve the Euro and so they have focused their attention on a different problem – how t… more »
ECB: You Can't Inflate, Even if you Want To
November 29th, 2011
in Announcements, Op Ed
by Warren Mosler With the tools currently at their immediate disposal, including providing unlimited member bank liquidity,lowering the interbank rate, and buying euro national govt debt, the ECB has no chance of causing any monetary inflation, no matt… more »
Plutocracy vs. Democracy
November 20th, 2011
in Op Ed
by Derryl Hermanutz"The new ECB president, Mario Draghi, also brushed off the political pressure, saying the central bank's overriding task was to safeguard price stability and that governments must get their finances in order so as to buck the crisis.… more »
What Has Really Happened to Euro Debt Insurance?
November 1st, 2011
in Op Ed
by Elliott R. Morss Introduction As I have indicated before, there is very little difference between the US bank collapse and the ongoing bank collapse in Europe: Banks latch on to a risky asset, e.g., mortgages or sovereign debt, buy it up,… more »
Five Policy Prescriptions for Europe
October 30th, 2011
in Op Ed
by Tom Fahey, Senior Global Macro Strategist, Loomis Sayles The European sovereign debt crisis continues to hemorrhage risk throughout the financial markets. While investors like to think there is a magic policy response, in our view, the crisis is… more »
