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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

Two days after the European elections the European parliamentarians took the initiative. The leaders of the groups in the European Parliament met and agreed to propose Jean-Claude Juncker as candidate for the presidency of the European Commission. The European Council, convoked by its president Hermann van Rompuy for yesterday night, was stunned by this quick… » read more

Posted by Ernst Stetter

Some points on the German elections 1. Success for Angela Merkel’s personalisation of German elections! Without doubt – this election result on Sunday represents a success for the playing out of the persona of Angela Merkel but this is not a victory for the party. The strategy of her campaigners paid off. The SPD did… » read more

Posted by Ernst Stetter