In The New Economic Normal, Bad Is Actually Good We are told that barely growing Europe is actually doing well
WASHINGTON – The worst part of the economic “new normal” created by the massive central banks interventions is that we...
Tag: Mario Draghi
Europe Sliding Into Irrelevance High debt, no innovation, and no opportunity paint a grim picture. Draghi's QE will solve nothing
WASHINGTON – Here is today’s Europe. Stagnating economies, non-existent innovation, high debt caused by unaffordable pensions and other...
Syriza Victory Is Not A Solution For Greece The new government will probably gain some breathing room. But a socialist leadership will be unable to kickstart economic growth
WASHINGTON – As expected, Alexis Tsipras and his Leftist Syriza party won the Greek elections for a new parliament. After...
The ECB Launched Its Own QE – But Growth Expectations Will Not Be Met Eueope needs serious pro-growth reforms. And they are not coming. The idea that even lower interest rates will trigger growth is foolish
WASHINGTON – Here we go. European Central Bank (ECB) President Mario Draghi launched his own version of QE, or “Quantitative...
Europe Will Continue Bailing Out Its Weak Southern Members This endless financial aid program is not sustainable. What will Germany do after its political elections?
By Paolo von Schirach July 8, 2013 WASHINGTON – Back in 2009, at the very beginning of the Eurozone...
Praise For Mario Draghi Is A Way To Forget That Europe’s Structural Economic Problems Have Not Been Fixed – The Financial Situation Is Much Better; But The Economies Of Southern Europe Remain Hopelessly Weak
By Paolo von Schirach January 20, 2013 WASHINGTON – I am really worried about too much praise...
Europe Avoided Disaster – But The Economies Are Fragile And So Are The EU Institutions – Expect Current Weakness To Continue
By Paolo von Schirach January 15, 2013 WASHINGTON – These days in Europe there is a far...
Europe Cannot Take Bold Steps To Either Seriously Integrate Or Force the Weak Out – It Will Continue With Small Steps That Will Ensure A Perennially Smoldering Crisis
By Paolo von Schirach June 7, 2012 WASHINGTON – Mario Draghi, the President of the European Central...
After ECB Liquidity Injections And Fiscal Reform Agreement, Europe Is Looking Much Better – But Systemic Economic Weakness For Greece, Italy And Spain Remains Unchanged
By Paolo von Schirach March 3, 2012 WASHINGTON – A European summit without the pressure of another...
S&P Downgraded France, Half The Eurozone, Citing Inadequate EU Policies – In Italy Lack Of A Long Term Growth Strategy, While Corruption And Bad Governance Linger
By Paolo von Schirach January 13, 2012 WASHINGTON – Only yesterday the international business media sounded very...