European Central Bank

Another Greek tragedy

Nikolaos Dimou | Posted 26.01.2015 | 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 23.01.2015 | 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. ...

Cyprus Bailout Agreement Reached

PA/The Huffington Post UK | Posted 25.03.2013 | UK

A last-minute bailout deal has been agreed by EU ministers to keep Cyprus in the eurozone and save the country from bankruptcy and a banking system co...

Cyprus - The Thin End of the Wedge?

Iain Anderson | Posted 19.05.2013 | UK Politics
Iain Anderson

As I write, an MoD plane carrying one million Euros is being airlifted to Cyprus for UK military personnel. It must be a new and very literal definition of 'helicopter money'. And that's the problem. As long as policymakers continue to opt for radically different solutions in every case - then fear and loathing will never be far away from markets and now, once again, from savers.

Inflationary Issue to Take Centre Stage in 2013

Jeremy Cook | Posted 10.03.2013 | UK Politics
Jeremy Cook

Inflation is going to be a big story in 2013 worldwide but especially for the UK. While the Bank of England's asset purchase program isn't in itself inflationary, the devaluation of sterling is. Our largest import through 2013, because of the Bank's monetary policy, will be inflation.

Cameron Praises EU Deal On Banking

PA | Posted 13.12.2012 | UK

A new EU deal for Britain will be forged on the back of sweeping changes to shore up the struggling eurozone, David Cameron said on Thursday evening. ...

Swedish Lessons for EU Bank Owners

Dag Detter | Posted 09.12.2012 | UK Politics
Dag Detter

If we are all going to be taking a larger stake in the restructuring of the European banking system, we have to do it right.

Soft Global Growth Is No Crutch for Euro

Kevin Dunning | Posted 01.12.2012 | UK Politics
Kevin Dunning

That said, there have been a couple of positive developments for the global economy over the past month. First of all, the ECB's announcement of a bond-buying programme has buoyed sentiment by averting the prospect of an imminent collapse of the euro zone.

Parliament Set for an Eventful Second Half of 2012

European Parliament Web Team | Posted 02.11.2012 | UK Politics
European Parliament Web Team

With full tanks, all systems checked and automatic launch sequence ignited, the European Parliament is ready for lift-off. MEPs achieved much in the first part of 2012 that will make a noticeable difference to the everyday life of ordinary citizens, such as lower roaming charges and killing off the controversial anti-counterfeiting agreement. However, there is much to be done in the months to come.

Decision Time in Lisbon

Ben Jones | Posted 31.10.2012 | UK Politics
Ben Jones

Portugal may well be the country where the eurozone's solidarity is put to the test. Patience with the Greek government's foot-dragging is wearing thin, but Portugal has done all that has been asked of it.