Tag Archives: European Central Bank

Terrified, but bored

Posted on September 26, 2011 by Michaela

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 →

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Unstoppable ?

Posted on September 20, 2011 by Michaela

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 →

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Bank run

Posted on September 12, 2011 by Michaela

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 →

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Relief or solution ?

Posted on July 23, 2011 by Michaela

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 →

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Lack of wisdom

Posted on July 22, 2011 by Michaela

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 →

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On the brink

Posted on July 19, 2011 by Michaela

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 →

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A matter of indifference

Posted on July 14, 2011 by Michaela

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 →

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Cui bono* ?

Posted on July 10, 2011 by Michaela

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 →

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Politicians playing poker

Posted on June 23, 2011 by Michaela

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 →

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Conventional wisdom

Posted on June 3, 2011 by Michaela

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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