We’ve got a serious pan-European constitutional problem

Debt mutualisation across EU Member States has recently been brought to the forefront of discussion. Firstly, because of the European Central Bank’s (ECB) balance-sheet operations, …

Market Monetarism in the EU: The Case for Nominal GDP Targeting

Monetary policy could become a problem for the Eurozone as we recover from the pandemic. Given the huge increases in the volatility of money, …

Coronabonds are not necessary

To overcome the Covid-19 crisis, the European Central Bank is considering pooling debt issuances among the countries of the Eurozone in what has recently …

The problems of financing through European mechanisms

There has been a great deal of debate recently – not just in the media, but also in academia and among economic analysts – …

Financial Stability Without Central Banks

A ‘free’ banking system without a central bank provides incentives for banks to act with restraint. Their lending policies are, in effect, tied to …

The European battle for London’s euro clearing market

London’s overwhelming dominance over the euro clearing market yields significant importance towards the UK’s economic performance and standing. The lucrative business is a major …

The big European Deposit Insurance Scheme dilemma

The European sovereign debt crisis that followed the 2008 financial crisis has pushed Europe to radically reform its financial rules. While some far-reaching reforms …

Is the EU growing or getting fat?

By maintaining the imbalances of the decade of excess we are missing the opportunity to prepare for the future. The economic sentiment index in the Eurozone …

Inflation and the ECB: a political problem

Mario Draghi´s latest comments expressing his support for continuing the European Central Bank´s Quantitative Easing drew much controversy from northern Eurozone countries, especially Germany, …

Pricking the balloon on Eurozone deflation

18 May 2016
As growth rates in the Eurozone gather steam, policymakers’ concerns are increasingly shifting to low inflation. According to Eurostat, consumer prices …

Pricking the balloon on Eurozone deflation

Diego Zuluaga // 18.05.2016
As growth rates in the Eurozone gather steam, policymakers’ concerns are increasingly shifting to low inflation. According to Eurostat, consumer …