FEPS Fresh Thinking

Archives for Eurozone

The French Prime Minister Manuel Valls gave a speech this week on the general policies to implement in the country to overcome the crisis and to implement an economic policy in order to foster growth and reduce the high unemployment rate in France. The content of the speech was submitted to a confident vote in… » read more

Posted by Ernst Stetter

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

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

Keynes teaches us that we should not slow down growth in periods of already sluggish growth! Last year ended with an EU Summit and 2012 started as 2011 ended. At the beginning of January Merkel and Sarkozy met in Berlin and at the end of the month we will again have another summit. It seems… » read more

Posted by Ernst Stetter

Yesterday the President of the European Council announced the postponement of the long overdue Eurozone summit which was due to take place next week. I am wondering if the Belgian Council President is now using Belgian practices of non-decision making and postponing. We all know that Belgium is now more than 16 months – since… » read more

Posted by Ernst Stetter