Can the eurozone economy be revived without budget deficits? | Barry Eichengreen

  The Guardian 

Image source : theguardian.com
Countries such as Germany are dead set against borrowing to fund fiscal stimulus The eurozone is in a bind. Despite successive doses of monetary stimulus by the European Central Bank, inflation remains stubbornly below target. Conventional monetary policy, and even quantitative easing, evidently have limited potency when interest rates are at or near zero. Monetary sceptics worry that lowering rates further will damage Europe’s banks. Additional asset purchases beyond the monthly level of €20bn (£16.8bn) already agreed, they warn, will impair the liquidity of financial markets. By pushing up asset prices, the ECB could expose the financial system to stability risks when those lofty prices return to earth. Continue reading...
 ▼ Related news : 
Eurozone bond auctions enjoy record demand
The Financial Times  
Eurozone industrial output growth points to brighter end of 2019
The Financial Times  
BDO hierarchy should be ashamed and resign after World Championship prize money mess, says Barry Hearn
Metro  
From Baghdad to Barry Island - Pleasure Island rides turn up in weird and wonderful locations around the world
The Grimsby Telegraph  
Barry Didcock's TV review: Cobra, Sky One, Friday
Herald Scotland  
Barry Tuckwell, French Horn Virtuoso, Is Dead at 88
The New York Times  
Barry Ferguson's Rangers and Celtic predictions as title run-in reaches fever pitch
Daily Record  
Orla Barry content as 15-year journey comes to an end
BreakingNews.ie  
Recent News !
  BigChange, the mobile workforce management technology company, has hired former Apprentice star Michelle Dewberry as an ambassador.
  YOUNG employees are missing out on savings of up to £20,000 towards retirement due to a delay in government pension reforms. This...
  Nicola Sturgeon has unveiled plans boost Scottish exports as she warned Brexit will be "hugely damaging" to the Scots economy.
  The focus of crop science on protecting plants from seed to harvest is changing as it faces environmental and regulatory challenges.
  The First Minister has told European citizens Scotland "is as much your home as it is my home" while urging them to remain in the ...
  Pound dips following UK chancellor’s hard Brexit remarks
  Global growth appears to have bottomed out but there is no rebound in sight and risks ranging from trade tensions to climate shocks makes the outlook uncertain,...
  Belgium's labor authority launched the first stage of a court case against British food delivery group Deliveroo on Monday, challenging working conditions for...
  Profits have soared at Apex Hotels, the Edinburgh-headquartered hotel group, as the business “reaped the rewards” of significant investment across its ...
  A shop selling items for the home is closing down in Norwich’s Chapelfield complex.
  GOOGLE is still allowing debt agencies with similar names to free charities to pay for adverts to appear at the top of search results for help...
  Rustenburg facility under pressure from rising electricity tariffs and power cuts
  A SECOND tenant has been announced for the Logistics North development near Bolton.
  Budget supermarket Iceland is helping shoopers get over the most depressing day of the year with a special Blue Monday meal deal offer - this is...
  European Commission hardens position after Sajid Javid’s warning over alignment
  Charities welcome ComReg move to set the rates that network operators can charge
  The BBC's most powerful man will step down in six months to allow a new person to lead negotiations with Prime Minister Boris Johnson's...
  Global direct foreign investment (FDI) dipped slightly around the world last year, hit by massive divestment in Hong Kong and a drop in flows into Britain due to...
  Pret's new plant-based poké, smoothie and buddha bowls will be sold in all Veggie Pret stores from January 21st
  Department store chain Beales has collapsed into administration after failing to find a last-minute buyer to rescue the 139-year-old business, it has...
  The International Monetary Fund on Monday trimmed back its 2020 global growth forecasts due to sharper-than-expected slowdowns in India and other...
  The director general’s decision comes amid questions over a gender pay gap and political bias.
  Downward revision will cast shadow over opening of World Economic Forum in Swiss resort
  ONE Aldi shopper has snapped up a bargain after finding a GIANT unicorn cuddly toy reduced to just 99p from £20 in store. The shopper, who posted about her find on the...
About newsoneplace.com - Privacy & Terms -
Copyright © 2015 www.newsoneplace.com - Hosted on Linode