Blog > Archive by tag 'european central bank'
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.
by J. Christoph Amberger
Baltimore — (TFN): The European central bankers did something uncharacteristic today. They [...]
"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 [...]
Tags: banks, bear stearns, credit, ecb, european central bank, eurozone, financial sector, institutions, spain, uk, us
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!
by Nina Koeppen, Wall Street Journal
Baltimore — (TFN): German gross domestic product fell 0.5% in the second quarter from the first three months [...]
“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 [...]
“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 [...]