Tag: ECB

Euros & Dollars: A Hard Look at the Economy in 2024

Next year is shaping up to be tough, both for the euro zone and European countries outside of it. How bad will the recession be? Our forecast goes beyond conventional economic wisdom to find out.

The End of the Rising Interest Rates

With two months left in 2023, the Federal Reserve and the ECB have struck a note of confidence with debt-market investors. This gives Europe hope as they slide into a recession, but will it help America avoid a fiscal crisis?

Credit Crunch Spells Bad News for Europe

Europe’s banks are in credit-crunch mode. The ECB’s decision to keep interest rates unchanged is meant to help, but it also raises the white flag on inflation.

Bank of England Hikes Interest Rate

The Bank of England anticipates that economic policy will successfully reduce inflation by half in the British economy before the end of this year.

“Our Europe, Ourselves”: Designs for the New Euro Banknotes

One of the design ideas focuses on cultural heritage. The rest either pander to our individualistic and inflated sense of self-importance through vaguely defined European ‘values’ or pick comfortably neutral topics, such as landscapes or animals.

Fiscal Forecast: Sweden in the Euro? Part II

A euro-zone membership would put Sweden on a fast track to a fiscal crisis like the one in the 1990s. That would be bad: the country cannot absorb the fallout from repeating its disastrous mistakes from back then.

Fiscal Forecast Europe: Is Inflation Here to Stay?

If neither wages nor energy prices can explain why the ECB is right in being concerned about persistent inflation, then what can explain it? There is a candidate that nobody wants to talk about: taxes.