Tag: european central bank
European banks cut prime rates: Too little, too late!
Published on November 6, 2008
The Bank of England and the European Central Bank slashed their respective interest rates. The Bank of England cut the rate by a huge 1.5 percentage points, the ECB remained true to its timid self by cutting a mere 0.5 percent.
European Central Bank (ECB) could topple Spain’s financial sector
Published on August 26, 2008
"There’s a bombshell being delivered here – the European Central Bank is about to stop bailing out eurozone commercial banks. And that could mean another big lender going ‘bust’." — David Stevenson
Blogger’s note: Just like in the U.S. and UK, the European Union’s state bank has been extending easy credit to prevent "temporary" illiquidity in [...]
Euro drops on record German inflation
Published on August 19, 2008
The European Central Bank (ECB) considers inflation its biggest enemy. How successfully are they fighting it? Well, with the German PPI up a whopping 9%, they seem to be doing a bang-up job!
European Central Bank turns 10, but next decade looks grim
Published on May 29, 2008
“Before the string section pipes up, we recommend that the party organisers have a think about sticking a cork in the trombones. The second ten years are going to be a lot less triumphant than the first ten.” — Jody Clarke
by Jody Clarke
Baltimore – (TFN): It’s the European [...]
Decline of the Dollar: Inflation at record highs — in Germany!
Published on November 27, 2007
“The Federal Statistics Department in Germany just released that based on preliminary numbers, November inflation over the previous month is up 3% — far higher than estimated.” — J. Christoph Amberger
by J. Christoph Amberger, TFNBaltimore — (TFN): The pundits are restless… seeing conspiracies in every inflation report the Federal Reserve releases. Sure, in a [...]