Members of the Shadow ECB Council evenly split over assessment of a possible Greek exit

At the meeting of the Shadow ECB Council on 27 May 2015 it became clear that the spectre of Grexit is polarizing not only policy makers but also economists. About half the members of the Shadow ECB Council would regard an exit of Greece from the currency union a very bad and dangerous outcome. Roughly the other half would consider it well manageable or even desirable.

 

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Members of the Shadow ECB Council evenly split over assessment of a possible Greek exit

At the meeting of the Shadow ECB Council on 27 May 2015 it became clear that the spectre of Grexit is polarizing not only policy makers but also economists. About half the members of the Shadow ECB Council would regard an exit of Greece from the currency union a very bad and dangerous outcome. Roughly the other half would consider it well manageable or even desirable.

Continue reading “Members of the Shadow ECB Council evenly split over assessment of a possible Greek exit”

Members of the Shadow ECB Council see the integrity of the currency union still endangered

At the meeting of the Shadow ECB Council on 26 February 2015, it became clear that most members do not expect the agreement of the Eurogroup regarding Greece to lead to a sustained reduction of political tension and associated worries about the integrity of the euro area. The average forecast for inflation in 2015 was slashed to zero, yielding an unusually large discrepancy with the forecast of the ECB staff from

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Investor Protection in CETA and TTIP Leaves a Lot of Room for Improvement Say Legal Experts in Parliamentary Hearing

27 January 2015 | Professor Steffen Hindelang of the Free University Berlin, a renowned expert for international trade law has today presented at a joint hearing of the EU-Parliament committees on law and on international trade the findings of three studies, comissioned by parliament.

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Shadow ECB Council is sceptical on size and structure of the ECB’s package

At the meeting of the Shadow ECB Council on 26 September, 2014, there was a strong consensus that strong disinflation and weak economic prospects warranted ECB action. At the same time, there was near consensus that the package of measures announced by the central bank in early September would not be sufficient and there was disagreement on their appropriateness. Many members suggested large scale

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Shadow ECB Council calls ECB’s package step in the right direction

At the meeting of the Shadow ECB Council on 26 June, 2014, there was a strong consensus that the measures decided by the ECB Governing Council in early June against the credit crunch and below target inflation were going in the right direction, but only modestly effective and insufficient. Almost all members believed that additional measure were needed now or in the near future. The Targeted Long Term Refinancing Operations (TLTRO) were almost unanimously considered the most important part of

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