When Mario Draghi was President of the European Central Bank (ECB), this institution failed to meet its target of ensuring inflation remains below two per cent. This is because the central bank raised interest rates in between 2008-11, a decision...
In 2011, the eurozone survived a crisis that threatened its existence. Portugal, Ireland and Greece were provided with rescue packages and the President of the European Central Bank (ECB), Mario Draghi, was praised as a hero. In 2012, he said...
The new Europe has certainly not been born under the best auspices. You can forget about politicians capable of managing a split, forget about European spirit, forget about an understanding of the new wind that blows over the states of...
In June, she appeared on the American TV show “The Daily Show with Trevor Noah.” Asked why she took over the IMF in the midst of the financial crisis, Christine Lagarde quipped: “Whenever the situation is really, really bad, you...
As Mario Draghi’s term as president comes to an end, the battle over who will succeed him has brought all of the flaws that plague the European Central Bank to the fore. “The Eurozone will endure, but it will not...
The Italian economy is hitting headlines again, with no end in sight to its continuing problems. The Daily Express reported that the relationship between Rome and Brussels is deteriorating. The European Commissioner for Economic and Financial Affairs, Pierre Moscovici, has...
There’s been a kind of pandemic in the press in recent weeks about Europe being “sick.” The trouble is, it’s very hard tofigure out, after reading the articles, exactly what the sickness is. A recent Bloomberg Opinion column asks “What...
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