France24: Semaine eco
Mon debat avec Natacha Valla et Olivier Berruyer sur France24, la semaine de l’eco. Première partie sur la Grèce. Deuxième partie sur la crise en Russie....
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Griechenlandkrise: Interview mit Hessischer Rundfunk
Am 11. Februar 2012 habe ich für den Hessischen Rundfunk ein Interview zur Griechenlandkrise gegeben. Die Audiodatei ist hier: Copyright by hr-iNFO: http://www.hr-online.de/website/radio/hr-info/...
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A new start for Greece?
Greece’s new government under prime minister Alexis Tsipras – in power for not even two weeks – has had a rollercoaster ride. In the face of crisis, it has exercised brinkmanship. It unilaterally declared that it w...
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The Greek banking system: a tragedy in the making?
As the ECB has decided to discontinue allowing Greek government bonds to be used as collateral in normal ECB refinancing operations, attention is fully back on the Greek banking system.[ref]The European Central Bank’s Go...
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Greece and the euro area need a deal within days, not months
International press informs us that the Greek government believes it has weeks or perhaps months to negotiate a new deal with its creditors. The basic idea of the new Greek finance minister Yanis Varoufakis is that Greec...
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The ECB has fired its bazooka
The ECB announced today an expansion of its asset purchases, to include securities issued by European agencies and institutions, as well as central government in the euro area. Purchases are intended to be continued unti...
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The ECB’s bond-purchase dilemma
German opposition to government-bond purchases by the European Central Bank is solidifying ahead of the programme’s likely announcement on January 22. Elections in Greece that could bring a government that will seek to n...
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Die EZB ist verpflichtet, ihr Mandat zu erfüllen
Die Europäische Zentralbank (EZB) wird wohl am 22. Januar ein Ankaufprogramm für Staatsanleihen ankündigen. Die Sorgen über die Auswirkungen und die Effektivität des Programms sind groß. Die EZB muss vorsichtig die Koste...
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Sovereign QE and national central banks
Inflation continues to fall. The first outright deflation numbers since 2009 have been recorded and inflation expectations are clearly dis-anchored. Inflation and inflation expectations are now clearly below the 1.7 to 1...
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