European Central Bank

Blaming the Euro for Greece Is Disingenuous at Best, Ignorant and Stupid at Worst

Godfrey Bloom | Posted 20.07.2015 | UK Politics
Godfrey Bloom

Greece has been adopted as a cause célèbre by Eurosceptics who have portrayed the debt situation as an example of EU and ECB bullying, an assault on democracy and the Greek people... Yet this approach is fraught with danger, especially here in the UK when a referendum is so close.

Greece Just Hammered the First Nail in the Coffin of Milton Friedman's Legacy

Manuel Barcia | Posted 07.07.2015 | UK Politics
Manuel Barcia

Earlier this week Naomi Klein was asked in Twitter whether she thought that what we are seeing in Greece corresponds to the early stages of the Shock ...

A Greek Tragedy That Can Only Be Ended by Greece Leaving the Euro

Adnan Al-Daini | Posted 29.06.2015 | UK Politics
Adnan Al-Daini

What kind of system have we created where our elite inflict austerity on ordinary people that causes misery and suffering to millions, while financiers and gamblers of financial markets enjoy such a bonanza of riches? The mind boggles.

Latest Greece News 'A Dark Hour For Europe,' Finance Minister Says

PA | Posted 28.06.2015 | UK Politics

Greece's exit from the eurozone is not inevitable, despite the country being days from defaulting on a major debt repayment, the country's finance min...

The Larger Battle Being Fought By the Greeks

Manuel Barcia | Posted 26.06.2015 | UK Politics
Manuel Barcia

As for the EU, there's little else to say. They have gone from promising the earth and the heavens to their citizens, to becoming the executioners of the IMF and their own bankers. Pity they cannot see that by carrying out like this, they are not just destroying Greece but also the very foundations of their precious and profitable political and economic unity. For them, too, the hour of reckoning is nigh.

Glitter Attack Fails To Reform The European Central Bank

The Huffington Post UK | Paul Vale | Posted 15.04.2015 | UK Politics

How to you set about reforming the role of the European Central Bank? Wear a t-shirt with a logo and throw some paper in the air. That was the tactic ...

European Ad Market in Rude Health as Advertising Week Europe Kicks Off

Nikki Mendonca | Posted 25.05.2015 | UK
Nikki Mendonca

With Advertising Week Europe now in full swing, the following six trends highlight why the ad industry is actually in a good place.

Extraordinary Scenes As Clowns And Burning Cars Bring Carnage At Bank Launch

The Huffington Post UK/AP | Jack Sommers | Posted 18.03.2015 | UK

Police cars were set alight and officers injured during anti-austerity protests in extraordinary scenes that brought carnage to the streets of Frankfu...

Another Greek tragedy

Nikolaos Dimou | Posted 28.03.2015 | UK
Nikolaos Dimou

The international lenders of European Commission, European Central Bank and International Monetary Fund (Troika) have plans for Greece. The last loan instalment to the country is in February. Greece is certain to require a new bail-out loan.

This Round of Quantitative Easing Will Be Socialism for the Rich

Richard Murphy | Posted 24.03.2015 | UK Politics
Richard Murphy

I am not opposed to turning on the money printing presses. But I am if the result is a boom to be followed by a bust with a few benefitting enormously at cost to many in the meantime. This is the time for QE, but Green QE is what we need and is not what we're getting.

Got A Mortgage? Carney Won't Make Things Tougher For You, Yet.

The Huffington Post UK | Asa Bennett | Posted 04.09.2014 | UK Politics

Bank of England rate-setters have voted to keep interest rates at their historic 0.5% low, amid mounting pressure on them to raise rates as the econom...

Is the Eurozone Crisis Over?

Martin Koehring | Posted 23.09.2014 | UK Politics
Martin Koehring

The euro zone has emerged from recession, borrowing costs have fallen and the risk of euro area collapse has diminished since mid-2012. However, major causes for concern persist.

Europe Takes Big Step To Keep Eurozone Alive As UK Stays Steady

The Huffington Post UK | Asa Bennett | Posted 05.06.2014 | UK Politics

Eurozone interest rates have been slashed again as European policymakers have taken dramatic steps to keep the revitalize the moribund economy, while ...

The New EU Funding Scheme for Startups and SMEs: Q&A With Steve Rogers

Silvia Lombardo | Posted 30.07.2014 | UK Tech
Silvia Lombardo

Another feature is coaching. Everybody taking part in phase one and phase two is offered free business coaching. It is voluntary for entrepreneurs to do. The coaches are going to be recruited over the coming three months.

Remembering the Greek Debt Paradox

Paulo Casaca | Posted 27.05.2014 | UK Politics
Paulo Casaca

To restructure Portuguese debt will be at best a loss of credibility in the state of law and a loss of time; at worse it might just be the beginning of an unpredictable extrication of the whole of the Euro-zone system.

Bail in Replacing Bail Out

Paulo Casaca | Posted 03.05.2014 | UK
Paulo Casaca

In a press release dated February the 19th addressing the so-called "single resolution mechanism" to be decided by the European institutions, the Council of the European Union stated, in what is perceived as a negotiation declaration towards the European Parliament, there was agreement between the partners that: "bail-in and not bail-out is the main guiding principle for bank resolution."

Is Osborne Taking This Guy's Credit For The UK's Recovery?

The Huffington Post UK | Asa Bennett | Posted 26.02.2014 | UK Politics

Mario Draghi, the head of the European Central Bank, may have had "more to do" with the improving state of the UK's economy than George Osborne's poli...

The European Quantitative Uneasiness

Paulo Casaca | Posted 15.04.2014 | UK Politics
Paulo Casaca

Whereas in the last few years the US, UK and Japan central banks have been busy flushing the market with money, things have not developed quite the same way in the Eurozone, as the European Central Bank (ECB) is still struggling to define its own role.

Swiss National Bank's Investment Policy Reconsidered

Spiros Margaris | Posted 24.03.2014 | UK
Spiros Margaris

The Swiss National Bank (SNB) President Thomas Jordan has to reconsider the SNB investment policy due to the fact that its equity holdings have grown to around 71 billion Swiss francs in the third quarter of 2013.

2014 - Central Bankers Making Way for Politics?

Andy Langenkamp | Posted 16.03.2014 | UK Politics
Andy Langenkamp

2013 was the year of all-powerful central banks, fragile economic recovery, and financial market euphoria. 2014 will be all about politics: political economics, geopolitical developments, and electoral politics.

Swift ECB Action Aims to Defuse Deflation Risk

Martin Koehring | Posted 23.01.2014 | UK
Martin Koehring

Average euro zone inflation was a provisional 0.7% in October, much weaker than the ECB's official target of "close to but below 2%". It is not just the low level of inflation that has been a concern for the Bank, but the rapid decline in recent months: between July and October the rate fell by 0.9 percentage points, from 1.6% to 0.7%.

ECB Cannot Save Euro; Crisis Back With Vengeance?

Andy Langenkamp | Posted 15.07.2013 | UK
Andy Langenkamp

Edward Markus - founder, owner and chief analyst of ECR Research and ICC - is coauthor of this blog. Austerity vs Growth The focus in Europe is ...

ECB Fails to Restore Monetary Policy Transmission Mechanism

Vincent Forest | Posted 03.07.2013 | UK Politics
Vincent Forest

Overall, however, given the combination of the ECB's unwillingness to address financial market fragmentation and the current austerity drive in most euro zone countries, we continue to expect a continuation of the economic crisis in the remainder of the year.

Inflation - It's Coming Round the Curve

Nick Beecroft | Posted 11.06.2013 | UK
Nick Beecroft

Even in the depths of global economic despair in 2009 when we needed really aggressive monetary policy, the measures used and the quantum of money printed as Quantitative Easing was much too timid, and anyway it got stuck in the bowels of banks' balance sheets as excess reserves as they were all too terrified of lending money on to real people or businesses, as the policy intended.

Cyprus Bailout Could Cost Major Depositors 60% Of Savings

Huffington Post UK | Posted 30.03.2013 | UK

People with over 100,000 euros (£84,300) in Bank of Cyprus accounts could lose up to 60% of their savings in a harsh new EU and IMF bailout deal. ...