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.
On Thursday the ECB’s Governing Council will decide on whether to start a large bond buying program. I am afraid the decision is clear, though not for economic reasons. A few days later, the Greek will probably vote for a left leaning government under the Syriza-party, which wants to renegotiate the terms of the huge […]
The Shadow ECB Council held a conference-call on 27 March, 2014 to discuss whether and which monetary policy measure would be appropriate to deal with the continued inflation undershoot and to counter the threat of deflation. There was broad consensus that the low and declining inflation rate in the euro area as a whole and […]
Let’s assume that there is a financial oligarchy which exerts strong political influence due to the vast amounts of money it controls. Let’s further assume that this financial oligarchy has succeeded in having financial markets deregulated and that this has enabled the financial industry to expand their business massively. Then, in some near or far […]
Outstanding credit to the private sector in the euro area has been shrinking for a long time. It is shrinking fast in several peripheral countries and the European Central Bank (ECB) seems unable or unwilling to do anything about it. Given that the economy of the euro area is barely crawling out of recession and […]
At the meeting of the Shadow ECB Council on 6 January, 2014, a large majority recommended unchanged key rates.