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Tag Archives: European Central Bank
Terrified, but bored
By Paul Krugman Is it possible to be both terrified and bored? That’s how I feel about the negotiations now under way over how to respond to Europe’s economic crisis, and I suspect other observers share the sentiment. On one … Continue reading
Unstoppable ?
From the Economist So grave, so menacing, so unstoppable has the euro crisis become that even rescue talk only fuels ever-rising panic. Investors have sniffed out that Europe’s leaders seem unwilling ever to do enough. Yet unless politicians act fast … Continue reading
Bank run
By Paul Krugman On Thursday Jean-Claude Trichet, the president of the European Central Bank or E.C.B. — Europe’s equivalent to Ben Bernanke — lost his sang-froid. In response to a question about whether the E.C.B. is becoming a “bad bank” … Continue reading
Posted in Breaking the mould, The world we live in Now
Tagged Ben Bernanke, DEfault, Euro, European Central Bank, Italy, Jean-Claude Trichet, Spain
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Relief or solution ?
By N Kulish and S Erlanger The latest bailout in the Greek rescue has all the elements of what is fast becoming almost commonplace European intrigue. The French president arranges a private summit meeting with the German chancellor. Europe’s top … Continue reading
Lack of wisdom
By Paul Krugman These are interesting times — and I mean that in the worst way. Right now we’re looking at not one but two looming crises, either of which could produce a global disaster. In the United States, right-wing … Continue reading
On the brink
By Nouriel Roubin The eurozone crisis is reaching its climax. Greece is insolvent. Portugal and Ireland have recently seen their bonds downgraded to junk status. Spain could still lose market access as political uncertainty adds to its fiscal and financial woes. … Continue reading
A matter of indifference
By Marc Brost – Heike Buchter – Mark Schieritz One can’t even see this crisis, and that’s the dangerous thing about it. Tens of thousands of Germans are on holidays in Italy, relaxing on the beach at Viareggio or strolling through the streets of … Continue reading
Posted in The world we live in Now
Tagged European Central Bank, European Union, Italy, Moody's, Portugal, United States, Wall Street
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Cui bono* ?
By Joseph E Stiglitz Just a few years ago, a powerful ideology – the belief in free and unfettered markets – brought the world to the brink of ruin. Even in its hey-day, from the early 1980s until 2007, US-style … Continue reading
Politicians playing poker
SUMMER is at hand in the world’s big financial centres, but the mood is hardly bright. Stock prices have been sliding for weeks in response to gloomy economic news. Factory output has slowed across the globe. Consumers have become more … Continue reading
Conventional wisdom
By PAUL KRUGMAN Earlier this week, the Federal Reserve Bank of New York published a blog post about the “mistake of 1937,” the premature fiscal and monetary pullback that aborted an ongoing economic recovery and prolonged the Great Depression. As Gauti … Continue reading
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