The ECB chief just ruled out raising interest rates. This is a big mistake that can cost the euro zone dearly in the coming recession.
European interest rates rise and fall closely with American rates. This can be good for Europe, but it can also be bad, especially if America is hit by a fiscal crisis.
François-Xavier Bellamy’s position is difficult to defend since his party belongs to the EPP group whose positions are often at odds with his own.
After months of falling, U.S. interest rates are rising again. There is no apparent economic reason for this, which suggests that investors are worried about government solvency.
The EU’s new fiscal rules are supposed to solve the problem with member state budget deficits. But so far, neither the European Parliament nor the European Council has addressed the two biggest problems with their reform efforts.
The U.S. central bank is predicting an economic slowdown, but their numbers are only preliminary. Here is what data to look for in the coming weeks to see if they are correct.
The British economy has stopped growing. Despite Remainers’ claims, Brexit is not to blame.
With their economy in a recession, the Bundestag may be forced to subject the Germans to harsh austerity policies, whether they want it or not.
Nothing’s new in Macron’s world: lack of ideological consistency and mediocre political coups.
This week, the media made a big deal out of the December numbers on U.S. inflation. There was no reason for that.
The U.S. government now borrows 35 cents of every dollar it spends. Congress, meanwhile, is busy trying to keep the offices of the federal government open.
The EU hints that it wants to get involved in health care funding. If it does, it could disrupt national health care models and grow government at the expense of other ways to pay for medical services.
