North Korea hydrogen bomb test weighs on Asian stocks; European Central Bank to keep rates low until March 2017; John Lewis sales rose over the Christmas period
The wrong economic model of the crisis led Germany to insist on tighter fiscal rules which created a second eurozone recession. German influence on the European Central Bank also led it to delay QE for six years, and raise rates during 2011. Finally we saw how the actions taken much earlier by German employers and employees helped to protect Germany from the consequences of all this.
The ECB has extended its quantitative easing programme by an extra six months, until the end of March 2017
European Central Bank set to reveal measures to revive economy; Ryanair reports a jump in passengers numbers; YouTube reportedly in talks with studio over streaming rights to TV shows and movies
The European Commission hailed the overnight agreement by finance ministers for a new system to deal with failing banks as an "unprecedented" achievement.
Ireland set to return to the money markets as the first euro zone nation to have completed a strict bailout programme
Mark Carney's flagship forward guidance policy was backed by the International Monetary Fund today as the Bank of England Governor marked 100 days at the helm in Threadneedle Street.
Survey suggests service sector growth beating forecasts
Europe is experiencing a huge shift in population, exacerbated by the eurozone’s rigidities
Sterling hits its weakest since mid-March
Mark Carney begins work at the Bank of England tomorrow. There is a great temptation, as you can see from the stuff that is being written about the appointment, to see this as leading to a significant shift in policy – something that will enable the UK economy to reach “escape velocity”. The fact that the Bank has been given additional responsibilities for regulating the banking system, making the job on paper at least more powerful, increases the temptation.
Croatia already effectively lives with interest rate decisions made by the European Central Bank so it might as well sign up for full membership
The European Central Bank has left interest rates unchanged, admitting it has discussed a number of policy options in case the eurozone fails to emerge from recession later in the year.
Total unemployment rises to 19.4 million amid fresh criticism of austerity
The Bank of England today decided against giving a further boost to the British economy in Governor Sir Mervyn King’s penultimate meeting at the helm.
It is, for our politicians at least, a long weekend for reflection. There is the specific matter of the gains by the UK Independence Party in the elections last Thursday, a sharp enough advance to affect the policies of all parties towards Europe in the months ahead.