EU’s easy-money endgame

Mar 31, 2015

EU’s easy-money endgame


The euro has brought a balance-of-payments crisis to Europe, just as the gold standard did in the 1920s. Only one difference exists between the two episodes: In today’s crisis, huge international rescue packages have been available. These rescue packages have relieved the eurozone’s financial ...

Sep 9, 2014

Reform key to eurozone growth

The surprise move by the European Central Bank to lower its main lending rate from 0.15 to 0.05 percent and to push the overnight deposit rate further into negative territory indicates the central bank's fear that the stagnating eurozone economy will fall into ...

Sep 8, 2014

Japanese investors buy most British, Aussie debt since 2011

Japanese investors bought the most British and Australian long-term sovereign bonds since 2011 in July, while dumping German Bunds in the first seven months of the year amid unprecedented European Central Bank stimulus. Fund managers in the Asian nation net purchased ¥375 billion of ...