Lenin falls in Ucraine
KIEV | By Gazeta Wyborcza via Presseurop | Anti-government demonstrators in Kiev on December 8 destroyed a statue of Lenin, which they said symbolised Russia’s dominance over Ukraine, reports Gazeta Wyborcza.
In Europe
ECB Doctrine (e.d. Bundesbank’s)
MADRID | By Luis Arroyo | ECB’s policies have damaged more than helped the European economy. After all, the FED has managed to steer the US towards the path of growth, while the ECB is unable to make its policies work. But the truth is, they are not entirely the ECB’s but the Bundesbank’s procedures commanded by Ms Angela Merkel.
EZ is doing even worse than Japan
SAO PAOLO | By Marcus Nunes | Mr Ambrose Evans-Pritchard explains “Mario Draghi said the ECB is studying what happened in Japan at the onset of its Lost Decade in the 1990s, insisting that the EZ is unlikely to go the same way.”
Reason to Doubt Sunny Forecasts for Germany
By Peter Lundgreen at Caixin | Corporations and consumers are optimistic about the prospects for growth in Germany next year, but this hope lacks supporting fundamentals.
Spaniards Unable to Be Robbed
MADRID | By Alex García.
EU faces its ‘second Refoundation’
MADRID | By Claudi Pérez at El País via Presseurop | After five long years, the economic crisis has left a deep imprint in the EU, increasing mistrust between member states, but also cementing the belief in a common destiny. It’s time to bring renewed political leadership.
ECB’s Meeting: More Liquidity With Conditions
MADRID | By The Corner Team | With the holiday season around the corner and following higher-than-expected inflation data last week, nobody is expecting the ECB to lower rates on Thursday. The hottest issue on the table is whether to launch a third LTRO. Of course, markets are uncertain and we might suddenly be shocked by some unexpected news.
“Spain’s Growth Averaged 2.5% a Year For the Last 3 Decades”
MADRID | By Jaime Santisteban at The Corner TV | Economic growth in Spain is still weak and there is a risk the EU deficit goal could be overshot as both the public debt and the unemployment rate are too high. We discuss the current outlook and necessary reforms with Chairman of The Corner and former head of the Madrid Press Association Fernando G. Urbaneja.
UK Populism Trumps Practical in Migrant Debate
BRUSSELS | By European Voice via Presseurop | UK Prime Minister David Cameron’s decision to withhold benefits from new migrants betrays his lack of moral courage and a propensity for the populist, rather than admitting the reality that Britain’s economy needs immigrants.
Steady for now: the ECB and the euro area
LONDON | By Laurent Fransolet at Barclays | While the debate about the ECB policy options and the state of the euro economy continues, and euro area financial markets have been stuck in a tight range recently, some important monetary, activity and inflation data have been released in the past few days. Overall, they point to the recovery proceeding, in a low inflation environment, and the ECB staying on hold for now.