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We have policies that are accelerating the most destructive trends of the global economy...
European Banking Union – Commented by the EU Commissioner Olli Rehn
Common European Bank Regulator Reduces the Burden of Taxpayers Says Olli Rehn, European Commissioner for Monetary Affairs and the Euro Incumbent On Wednesday 12-Sep-12 Commissioner Olli Rehn commented EU Commission’s…
Recession, sovereign debt, Mario Draghi has lowered interest rates
Fear of recession, political instability and growing sovereign debts in the Euro Zone has pushed Mario Draghi, the newly assigned European Central Bank President to lower interest rate. Yesterday, the…
Tursday, November 3rd 2011 ECB is buying bonds
This morning Tursday, November 3rd 2011, all european markets are down. Greece’s PM has asked for referendum. Greek has been cut off their financial aid before any agreement has been…
European countries buy time on their debt
Today 28th October 2011 marks a turning point in the crisis. European countries buy time but doesn’t cure the problem. Fresh money will be injected by the European Central in…
Two action plans, no solution for the ECB
One solution to the debt crisis has been proposed by former Italian Prime Minister Romano Prodi, an economist. He suggested that Eurobonds should be guaranteed by the countries of the Euro Zone with their gold reserves.…
The ECB and Jean-Claude Trichet
Let’s go back a minute in the history of the European Central Bank policies… The European Central Bank (ECB) is the central bank of the European Union. The ECB has been created to monitor…
EUROPEAN DEBT CRISIS – CASE STUDY: SPAIN
Not too long ago, Portugal, Spain and Ireland were illustrations of the European Union’s success. Those countries represented the biggest economical potential in the euro zone. Today, they are the European…
The European Central Bank has to make a move
Experts are beginning to understand that the crisis in the euro area is much more profound of what they have believed. As a result, the debt crisis in Italy and Spain, may cause a sudden collapse of the system. The…
European sovereign debt crisis
Here is an interesting and organized article on the debt crisis by Wikipedia From late 2009, alarmist fears of a sovereign debt crisis developed among fiscally conservative investors concerning some European states,…
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