European Central Bank President Christine Lagarde on Friday reaffirmed the strength of the eurozone’s banking system to European leaders meeting as part of a summit, as fears of a financial crisis dragged markets. Lagarde assured the leaders of states and governments meeting in Brussels that “the banking sector in the euro area is resistant because … Read more
The European Central Bank (ECB) has announced its readiness to support banks after the $3 billion rescue of Credit Suisse by its Swiss counterpart, FINMA. The move follows recent concerns over the stability of the banking sector in Europe, which have been intensified by the ongoing COVID-19 pandemic. With the ECB standing ready to provide … Read more
The European Central Bank (ECB) has recently announced an increase of half a percentage point in interest rates, taking the headline rate to 1.25%. However, this unexpected move has led to market players dialing down their expectations for any further rate hikes in the near future. This article explores the reasons behind this shift in … Read more
The Taoiseach of Ireland, Micheál Martin, has remained calm and assured in the face of recent market jitters, which have been sparked by Credit Suisse’s involvement in a series of hedge fund losses. Despite concerns about the stability of Irish banks, Martin has stated that he is “not concerned” about the impact of the Credit … Read more
The Fed raises rates by half a percentage pointclosing 2023 with the first hit of the brakes on a maxi-squeeze that saw four consecutive increases by 75 basis points. A move that acknowledges the slowdown in inflation (7.1% in November) and the slowdown of the economy, but is not a prelude to a stop: the … Read more
Hackers managed to usurp the identity of Angela Merkel and contacted former IMF President Christine Lagarde by SMS. An exchange request via WhatsApp Christine Lagardethe current president of the European Central Bank (ECB), was targeted by hackers who posed as the former German chancellor. The hackers impersonated Angela Merkel and sent a message to the … Read more
There is a break in the ECB’s monetary policy. The increase in interest rates is no longer conditional on the euro area central bank terminating the purchase of bonds. This approach can seriously widen the gap between rich and poor. The rich will be even richer and the poor even poorer. Such may be the … Read more
With “Angela Merkel – In the course of time” the already well-stocked film archive on Germany’s first female chancellor has been enriched by one work. But in just one minute of the portrait, a trump card suddenly becomes visible. There is this one moment in “Angela Merkel – Over Time” that provides a key insight. … Read more
An increase in the main interest rate in the euro area would not currently reduce record inflation, but only hurt the economy. Christine Lagarde, President of the European Central Bank (ECB), said this in an interview with the German media network Redaktionsnetzwerk Deutschland (RND). – Financial markets now expect the ECB to raise its deposit … Read more
Inflation in the eurozone rose to five percent in December, the highest level since the introduction of the single European currency, the euro twenty years ago. This was announced by Eurostat, the European Statistical Office, in a quick estimate. – Energy and food prices rose in particular. In the first case, statisticians report growth of … Read more