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ECB set for rate cut as inflation falls sharply

May 02, 2013

ECB set for rate cut as inflation falls sharply

The European Central Bank is expected to cut its main interest rate for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation. #NewsTracker #European Central Bank #Eurozone crisis #Mario Draghi #Rate cut
Why it makes sense for Cyprus to leave the euro

Apr 01, 2013

Why it makes sense for Cyprus to leave the euro

The Cyprus bailout could lead to a 20 percent fall in its GDP. It may benefit from moving out of the euro. #Greece #Russia #Eurozone crisis #TheExplainer #Cyprus bailout
Cyprus' financial repression: when people bail out govts

Mar 27, 2013

Cyprus' financial repression: when people bail out govts

Cyprus has resorted to financial repression, where it confiscated a chunk of depositors' money. This is financial repression, where governments needing bailouts raid their citizens' savings. #HowThisWorks #Eurozone #Central banks #Eurozone crisis #Cyprus bailout #Financial Repression
Question after Cyprus: Will govts loot depositors again?

Mar 26, 2013

Question after Cyprus: Will govts loot depositors again?

To earn its bailout, Cyprus has forced depositors to share a part of their costs. This is financial repression - and it could happen elsewhere in Europe #Euro #Eurozone crisis #Cyprus bailout
Banks saved, but Europe risks 'losing a generation'

Mar 11, 2013

Banks saved, but Europe risks 'losing a generation'

Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process, the president of the European Parliament said. #Banks #Greece #TheySaidIt #Spain #Unemployment #Italy #Eurozone crisis #JOblesness

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Euro to zero: Greek exit can happen over a weekend

May 18, 2012

Euro to zero: Greek exit can happen over a weekend

It seems the European Union has all-or-nothing treaties: if you want to exit the euro, you have to exit the EU as well. #Eurozone crisis #Greek Exit #Drachma
The euro debt crisis isn't over; it's the ECB opening the taps

Jan 23, 2012

The euro debt crisis isn't over; it's the ECB opening the taps

Yields on eurozone debt have fallen, but don't assume that the crisis is abating. This is just the result of the ECB's liquidity boosting activities. #Eurozone crisis #Bond yields #ECB #NotJobsButPassion
The euro debt crisis isn't over; it's the ECB opening the taps

Oct 01, 2014

Financial Services Ombudsman must look at Danske Bank’s rate hike decision, says High Court

The Financial Services Ombudsman has been told by the High Court to look again at Danske Bank’s decision to hike its variable interest mortgage rates to more than 4 per cent when European Central Bank rates had plunged to almost zero. The Ombudsman h...
The euro debt crisis isn't over; it's the ECB opening the taps

Sep 29, 2014

Lloyds fires eight staff over Libor scandal, and withholds bonuses - as it happened

Lloyds Banking Group has dismissed eight staff over their role in the rigging of benchmark interest rates, and will hold back £3m of unvested bonuses 5.17pm BST Shares with exposure to Hong Kong came under pressure following the continuing pro-democr... #European Central Bank #Lloyds Banking Group #Hong Kong #Europe #Geneva #Vince Cable
The euro debt crisis isn't over; it's the ECB opening the taps

Oct 01, 2014

Germanys malaise shows eurozone cant cut its way to prosperity

The experiment German designed, German engineered and German exported with austerity has failed, writes Larry Elliott Europe has a problem and it is called Germany. The crisis that has bedevilled the single currency area for the past five years start... #Europe #European Union #European Central Bank