Tag: EMU
The ECB must show its critics now
Since the euro crisis, the European Central Bank (ECB) has been accused of not being able to raise interest rates because countries like Italy and Spain would not be able…
Euro rescue package is looking for a new boss and a new purpose
Luxembourg A kicker is still missing in the light-flooded rooms of the ESM euro rescue package in Luxembourg’s financial district. But even so, the open spaces with the colorful armchairs…
“Don’t see a recession in the euro area”
ECB President Christine Lagarde Lagarde stresses that the ECB is not lagging behind the US on interest rate policy. (Photo: dpa) davos Christine Lagarde does not currently see the euro…
Euro weakness deepens the European Central Bank’s dilemma
At the end of the last century, hopes for the new common currency were high: the euro was to become the second world currency alongside the US dollar as soon…
Lagarde drafts a scenario for an imminent turnaround in interest rates
ECB President Christine Lagarde The deposit rate in the euro area is currently minus 0.5 percent. (Photo: Reuters) Ljubljana ECB President Christine Lagarde is preparing the financial markets for the…
Bundesbank boss for rapid steps against the high inflation
Bundesbank President Joachim Nagel “If the numbers remain as they are now, then they will speak a clear language.” (Photo: dpa) Frankfurt Bundesbank President Joachim Nagel is urging the ECB…
Federal government rejects proposal for new euro rescue fund
Federal Finance Minister Christian Lindner The parliamentary state secretary to the finance minister rejects the new protective shield. (Photo: IMAGO/photothek) Berlin The federal government rejects the proposal by the European…
We don’t need a new rescue package for the euro zone
euro coin Ironically, in times of war, Europe’s means of combating the economic crisis are largely exhausted. (Photo: dpa) It’s been ten years since the euro crisis reached its peak.…
Rescue fund calls for new mega protective shield for the euro
Klaus Regling The long-standing head of the ESM is open to reforming the fund at the end of his service. (Photo: AP) Klaus Regling has been one of the most…
The euro needs fiscal unbundling
When the corona pandemic hit the euro zone in early 2020, many politicians and voters were appalled to find that they lacked fiscal or monetary policy leverage to counter the…
Refugees should be able to exchange Ukrainian currency for euros
Refugees at Berlin Central Station So far, refugees from Ukraine have not been able to exchange their national currency for euros. The finance ministers now want to change that. (Photo:…
Top earners get around 180 euros from the energy price flat rate
energy costs According to the sample calculation, the biggest beneficiaries are families with a gross household income of 35,000 euros per year. (Photo: dpa) Berlin According to calculations by the…
The ECB can only overcome the crisis with tougher monetary policy
The European Central Bank (ECB) surprised many with its announcement that it would scale back its bond purchases relatively quickly and possibly end them soon. Apparently the “hawks”, the advocates…
Germany can only flourish if the eurozone is doing well economically
The foreign trade balance closed in 2021 with a surplus of 173.3 billion euros – almost five percent in relation to overall economic output. The most important target countries for…
President Lagarde warns against ‘hasty action’
Frankfurt, Berlin ECB President Christine Lagarde currently sees little evidence that the energy transition is fueling inflation. “The current effects of decarbonization on prices are minimal, regardless of whether we…
Course swing by the ECB supports the euro exchange rate
Euro Dollar Illustration Experts see the common currency’s fair value above current levels. A turnaround in interest rates by the ECB could trigger a move to the upside. (Photo: Reuters)…
ECB President Lagarde wants famous Europeans on euro bills
Christine Lagarde “The redesign of the banknotes is a good opportunity to show unity.” (Photo: Getty Images) Frankfurt According to ECB President Christine Lagarde, a future generation of euro banknotes…
Greece wants to repay IMF loans early
Acropolis in Athens In 2015, after a long struggle, Greece agreed on a third aid package with the euro countries and the IMF. (Photo: dpa) Athens Greece wants to pay…
The ECB gets a credibility problem
Christine Lagarde If Lagarde sticks to her soothing attitude at the Council meeting on Thursday, the ECB will have a credibility problem. (Photo: Getty Images) Dusseldorf Anyone who looks at…
The future of the euro does not depend on rigid debt limits
Even if this rule does not call for drastic debt reductions, Greece, Spain and Italy would have to adhere to a consistent consolidation course for several decades in order to…