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Is it still working? Mario Draghi has just explained what ECB board council was discussing and markets jumped on this verbal game. ECB let basic rates unchanged and board have just had a discussion about unconventional measures of QE. Draghi...
Germany’s Constitutional Court confirmed as expected the legality of the Eurozone’s bailout fund which approved the legality of the European Stability Mechanism (ESM). The court stated that the 700-billion-euro fund did not violate...
ECB´s declaration to buy any bond on secondary market or Dragi´s “whatever it costs” is still strongly rooted in the minds of investors. Otherwise it will not be so positive for Italy which is again in some political crisis once the Prime...
Besides strong public statements from the EU Commission bosses that the EU is at a turning point in the crisis, the reality is much worse. You can find one example in Greece. Public Power Corporation has reported last week that many Greek households...
Index of Economic Freedom was released last week. Slovakia ranked 57th – 15 places down from previous year. The main reason behind a decline of economic freedom in Slovakia was higher taxation, non-flexible labor market regulation, and...
It was a week of central banks’ announcements. But frankly speaking, nothing new has happened. The ECB let the rates unchanged, as did the Bank of England. Mario Draghi admitted that euro area growth is still under question, and that we...
Last week belonged to Bitcoin. Everybody talked about it and we had some records concerning Bitcoin. First, it surged to a new USD record high when it added 100% gains in only 7 days. Then it surpassed 1,000 USD. The fact is that it did so at...
We already know that the ECB is prepared to use the so-called OMT mechanism to buy on secondary markets government bonds in trouble. The only thing we know is that the ECB is prepared, but specific details have never been revealed to the public....
Haiyan is the name of the biggest hurricane ever that has reached the Philippines this week. According to experts, there is almost no structure built on the Philippines that can withstand winds like that. We know natural disasters very well,...
The most important news of this week was connected with the US and the debt ceiling debate. But let´s start as usual with Europe. Austerity measures are more and more unpopular. One of the examples today is Ireland. Its budget proposal is not...
