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Money supply

Looking forward the ECB’s relief

MADRID | By Luis Arroyo | The ECB’s Thursday upcoming meeting will be historical for the EU economy. Any move will mean some easing, even if it will be very difficult that it reactivates the euro zone. What it should definitely do is to massively buy public debt, removing it from financial assets for the banks to find fresh liquid assets as well as capital gains to cover its holes and thus cut interests of private sector’s credit.


EU’s problem is not in Germany but in France

MADRID | The Corner | The rise of the far-right Front National will harm more the European project than any economic recipe imposed from Berlin. In the end, Germany is indeed setting hard conditions for the EU integration, but at least is favoring it, whereas France’s Marine Le Pen has a clearly anti European speech and intends to bring power back to the countries.


No Picture

The pernicious effects of an overvalued euro

MADRID | By Francisco López | While Mr. Draghi simply says that the ECB “is closely following the evolution of the exchange rate due to its impact on the price stability,” other international bodies such as the IMF, the OECD, the European Commission and most of the Eurozone’s countries (with the exception of Germany and its allies) demand the banking authority to take immediate action.