FEPS Fresh Thinking

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Yesterday’s decision of the European Central Bank to cut its key interest rate below zero and the other measures announced are more than a European way of the U.S. Quantitative Easing (QE). The ECB cut its main refinancing rate to 0,15% and its deposit rate from zero to minus 0,1%. The European Central bank is… » read more

Posted by Ernst Stetter

Recently, in a German magazine, I published an analysis which questioned if Brussels wants Europe. Of course, this was a rhetorical question but nevertheless a valuable one regarding the current situation in the final phase of negotiations about the 2014-2020 multiannual financial framework this autumn. We see clearly that national egotisms are not at all… » read more

Posted by Ernst Stetter

It seems that there is now consensus that it will be nearly impossible to lead the EU out of the crisis without any further growth stimulating measures. It also seems that the Spanish government’s acceptance of an initiative to ask the European Union to launch the rescue mechanism in order to address the needs of… » read more

Posted by Ernst Stetter

The election of François Hollande in France and the outcome of the Greek elections are evident examples of the growing anti-austerity reaction in Europe. And France and Greece are not the only examples. The Dutch Government had to resign recently after the populist right-wing party removed its support to a proposed austerity package, which included… » read more

Posted by Ernst Stetter