Europe

By Marshall Auerback There appears to be an emerging consensus that the euro will survive, especially now that Mario Draghi has apparently grasped the nettle and persuaded his colleagues that the ECB is prepared to initiate unlimited…

Editor's note: Moody's issued the following press statement yesterday relating to its downgrade of the European Union's ratings outlook. Moody's Investors Service has today changed to negative from stable its outlook on the Aaa long-term…

The big news today is based on a report by Bild, a German tabloid, which reported that Jens Weidmann, the head of Germany's central bank, offered to resign on multiple occasions due to his opposition to the ECB's plans to monetize euro zone…

I am a bit pressed for time, so the like will be short today. The key issue is the ECB's bond buying. I wrote up the key variables in the weekly earlier but here are some general thoughts. The IMF says that Spain and Italy's bonds have…

I am off again this week and doing short duty on the blog. But I want to say a few words about the ECB and its impending monetisation plans given Mario Draghi's decision to pull out of the Jackson Hole event sponsored by the Kansas City…

By Sober Look Analysts often talk about how the weak euro helps exporters in the Eurozone, particularly Germany because of its massive export sector. But is Germany the main beneficiary? Which other nations want the euro to weaken further?…

I just wrote up a post on Goldman's thoughts on coming ECB policy moves. Goldman's musings are credible because the author is their chief European economist, who was until a year ago at the top of the ECB's Monetary Policy Stance Division.…

Editor's Note: this post has been corrected to reflect a different interpretation of the Goldman analyst's remarks. Ex-ECB economist Huw Pill agrees with many of us that the ECB is unlikely to engage in explicit rate targeting when it…

Last year I predicted that the route that Europe would go would be fiscal integration coupled with explicit mechanisms for allowing an exit from the euro zone. For example, in November during the Italian crisis I wrote: I continue to…

The big theme in today’s links is the ECB yet again. With the interview with Joerg Asmussen out, backing Mario Draghi’s previous statements, it is now more clear than ever where this is headed in Europe. The lead story here from Ambrose…