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

The Group of 20 Finance Ministers and Central Bankers who met last Friday in Washington took only a small step towards monitoring “international economic imbalances” among the world’s leading trading nations. They agreed on a set of so called “indicative guidelines” with which to measure those imbalances and to strengthen coordination in order to avoid… » read more

Posted by Ernst Stetter