Category Archives: ECB

Paul Krugman: Depressing Draghi


  A correspondent directs me, despairingly, to the last part of Mario Draghi’s latest press conference — and the correspondent is right, it does give cause for despair. Draghi is, after all, as smart and flexible an ECB president as … Continue reading

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Paul Krugman: Ireland Recovers, and Recovers, and Recovers


  March 2010: “Greece has a role model, and that model is Ireland” — Jean-Claude Trichet December 2011: “As European leaders scramble to overcome the Continent’s debt crisis, many are pointing to Ireland as a model for how to get … Continue reading

Posted in ECB, Europe, EZ, Ireland, Paul Krugman | 1 Comment

ECB’s monetary policy can’t just be good for Germany.


  BERLIN, GERMANY – OCTOBER 24: Mario Draghi, President of the European Central Bank, and Bundestag President Norbert Lammert speak to the media at the Bundestag after Draghi spoke to German parliamentarians on October 24, 2012 in Berlin, Germany. Photo … Continue reading

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Weekender | FT Alphaville


  This week on FT Alphaville, – Draghi’s comments and the EUR fall provided a Rorschach test for the markets. – We explained the importance of Ireland’s debt restructuring. – The latest entry in the stupid Libor emails category came … Continue reading

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And we go live to the Dáil… | FT Alphaville


To later find out and compare with our BPN… One very interesting revelation from the Irish finance minister in the Dáil at pixel time… Nama, Ireland’s bad bank, will buy Anglo’s debt to the Irish central bank using Nama’s bonds … Continue reading

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David Beckworth: The Fed Gets Schooled Again on Central Banking: the Swiss National Bank Edition


The Fed Gets Schooled Again on Central Banking: the Swiss National Bank Edition, by David Beckworth, in Macro and Other Market Musings: I have continually stressed the need for the Fed to (1) publicly and forcefully announce a level target and to … Continue reading

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Paul Krugman: A Self-Fulfilling Euro Crisis? (Wonkish)


A Self-Fulfilling Euro Crisis? (Wonkish), by Paul Krugman, in NY Times:  The big question, I believe, is whether the Italian and maybe Spanish crises are the kind of thing that might be brought under control by ECB bond purchases. This is … Continue reading

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