Tag Archive for Ecb

Renewed pressure on the ECB

Euro+area+banks+excess+reserves[1]

Pressure continues to build on the ECB to act. As discussed earlier (see post), the central bank may remain on the sidelines for some time, but the latest developments (listed below) make this inaction increasingly difficult.1. Declining Liquidity: The…

The Eurozone’s “Nascent” Recovery – Bill Black

The Eurozone’s “Nascent” Recovery

By William K. Black On January 19, 2014 I posted a column entitled “Deflation: The Failed Macroeconomic Paradigm Plumbs New Depths of Self-Parody” that discussed the insanity of the Eurozone’s approach to “the threat of deflation.”  The EU’s troika cannot … Continue reading

The Eurozone’s “Nascent” Recovery