Negative interest rates have a pernicious effect on human beings. They corrode the structures of society, culture and people’s mindsets, triggering widespread resignation and even nihilism.
Rather than having the ECB continue its path of raising just the boats of the rich, it is high time for the delivery of “helicopter money” to everyday Europeans.
We now witness the marks of the inverted universe of ultra-loose monetary policy and lax central banking.
The scope of central banking has expanded significantly in recent years. The former IMF boss is well prepared for those challenges.
EMU membership keeps Greece locked in deflationary debt and cost reduction.
Italy’s budget plan should be treated for what it is – a pie in the sky.
How European integration is regressing – and yet stabilizing.
The European Commission exposes Italy’s wishful thinking.
Is Italy’s crisis the new Greece? Is it just as bad? Or different? Could it take just as long to resolve it?
Establishing a European Unemployment Reinsurance Fund carries the risk that it might be used to circumvent unpopular national-level decisions on structural reforms.