Archives for posts with tag: ECB

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IMF Sees Risk for US Economy if Interest Rates Raised Prematurely?
By, Ambassador Muhamed (Mo) Sacirbey
The risk is both political & economic, perhaps never greater since the defining moments prior to WW II. One of Wall Street’s most prominent voices among the small investor, Jim Cramer of “Mad Money” also stands out as concerned by the risks of premature Fed action.
http://diplomatartist.com/imf-sees-risk-for-us-economy-if-interest-rates-raised-prematurely/

MONEY BUZZ Blog Report: EURO DEBT PURCHASE PROGRAM? By, Ambassador Mo

Last week Chief Mario Draghi promised that the ECB would do whatever it takes to save the Euro. The capital markets reacted most ebulliently & the Euro shot up versus other currencies. However, since then, the market has reacted as if disappointed by the lack of concrete measures. –MORE–

http://diplomaticallyincorrect.org/blog_post/another-empty-promise-on-euro/55279Image

Blog Report: MERKEL STILL CLINGS TO AUSTERITY LIKE TO BARRY MANILOW COVER SONG? By Ambassador Mo
Preaching austerity like mom urging abstinence to child off to college?— Germany’s Chancellor Angela Merkel may already be on her way out via election defeat next year but she still controls the purse strings of Germany & thus most key joint Eurozone/EU institutions. Merkel hangs to the old scheme of austerity with only limited concessions to the calls for more growth and jobs. –More–
http://diplomaticallyincorrect.org/blog_post/merkel-still-clings-to-austerity-like-to-barry-manilow-cover-song/52740Image

Blog Report: GREECE UNZIPS & AUSTERITY COMES UNDONE, By Ambassador Mo
Germany’s Angela Merkel & advocates of austerity have more to worry about even than Greece if the latter unzips from the Euro. Most of the rest of Europe had hoped to first bandage & then isolate Greek economic pain. It was an open secret that most were ready to unmoor Greece from the Euro but all in due time when the process would not put at risk bigger European banks/investors. –More–
http://diplomaticallyincorrect.org/blog_post/greece-unzips-austerity-comes-undone/52157Image

MONEY BUZZ Report: IS EURO OVERVALUED? By Ambassador Mo
 The news only seems to get worse for the Eurozone. The ECB (European Central Bank) Chief Mario Draghi just indicated that the area’s economic prospects have deteriorated recently. From Greece to Spain to the presumably more healthy economies, there is greater doubt that they will be able to meet fiscal discipline targets just adopted around the turn of the year. –More–
http://diplomaticallyincorrect.org/blog_post/is-euro-overvalued/51630Image