Wonking Out: What’s the Matter With Italy?

The caricatures are faulty, but the crisis is real.

#banking-and-financial-institutions, #draghi-mario, #economics-theory-and-philosophy, #european-central-bank, #internal-sub-only-nl, #international-trade-and-world-market, #italy, #lagarde-christine

ECB Surprises With Big Rate Rise, Its First in 11 Years

Policymakers are trying to slow soaring inflation while avoiding a recession among the countries that use the euro.

#banking-and-financial-institutions, #economic-conditions-and-trends, #europe, #european-central-bank, #eurozone, #inflation-economics, #interest-rates, #lagarde-christine, #prices-fares-fees-and-rates

Italy Is Haunted by the Pain of Past Economic Crises

As the European Central Bank prepares to raise interest rates for the first time in more than a decade, the challenges for one of the bloc’s largest economies balloon again.

#credit-and-debt, #currency, #economic-conditions-and-trends, #european-central-bank, #european-union, #inflation-economics, #interest-rates, #italy, #prices-fares-fees-and-rates, #recession-and-depression

Global Central Banks Ramp Up Inflation Fight

Central banks in the U.S., Europe, Canada and parts of Asia are lifting interest rates rapidly as they try to wrestle breakneck inflation under control.

#bank-of-canada, #currency, #economic-conditions-and-trends, #european-central-bank, #federal-reserve-system, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #recession-and-depression, #swiss-national-bank, #united-states-economy

Wonking Out: The Meaning of the Plunging Euro

This time, a weak currency does reflect a weak economy.

#currency, #economics-theory-and-philosophy, #euro-currency, #european-central-bank, #federal-reserve-system, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy, #us-dollar-currency

Euro Hits Parity With U.S. Dollar for First Time in 20 Years

In recent months, pressure on the euro has been mounting while investors have been flocking to the U.S. dollar, a haven in times of economic upheaval.

#banking-and-financial-institutions, #currency, #euro-currency, #european-central-bank, #eurozone, #federal-reserve-system, #inflation-economics, #lagarde-christine, #powell-jerome-h, #united-states-economy, #us-dollar-currency

Inflation Is Posing 19 Problems for One Central Bank

After more than a decade of worrying about low inflation, the European Central Bank is trying to tackle the problem of high inflation across the eurozone’s economies.

#banking-and-financial-institutions, #economic-conditions-and-trends, #europe, #european-central-bank, #eurozone, #inflation-economics, #interest-rates, #lagarde-christine, #powell-jerome-h, #prices-fares-fees-and-rates, #sintra-portugal, #stimulus-economic

Markets Recoup Losses as Central Banks Meet

Investors appeared mostly unsurprised by the Federal Reserve’s announcement of a large rate increase, with the S&P 500 closing up 1.4 percent.

#banking-and-financial-institutions, #european-central-bank, #federal-reserve-system, #inflation-economics, #stocks-and-bonds

Wonking Out: Why Monetary Policy Has Gotten So Hard

If you aren’t taking risks, you aren’t doing your job.

#economics-theory-and-philosophy, #european-central-bank, #federal-reserve-system, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #lagarde-christine, #powell-jerome-h, #united-states-economy

Eurozone Inflation Hits Highest Level Since Creation of the Euro

The economic toll of Russia’s war on Ukraine keeps widening, with price rises in Germany hitting a record and inflation in Estonia topping 20 percent.

#banking-and-financial-institutions, #economic-conditions-and-trends, #euro-currency, #europe, #european-central-bank, #eurozone, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates

Weakened Euro May Become Equal to the U.S. Dollar

The euro hasn’t fallen below the one-to-one exchange rate with the U.S. dollar for two decades. But as economic risks grow, more analysts predict deeper lows for the shared currency.

#currency, #economic-conditions-and-trends, #euro-currency, #europe, #european-central-bank, #eurozone, #interest-rates, #international-trade-and-world-market, #russian-invasion-of-ukraine-2022, #united-states, #us-dollar-currency

Russia-Ukraine War Is Reshaping How Europe Spends

Romania is buying iodine pills. Ireland enacted special incentives for its farmers to till essential crops. And military spending is rising across the continent.

#defense-and-military-forces, #economic-conditions-and-trends, #european-central-bank, #european-union, #international-trade-and-world-market, #macron-emmanuel-1977, #politics-and-government, #russian-invasion-of-ukraine-2022, #scholz-olaf-1958, #sunak-rishi-1980, #united-states-international-relations, #war-and-armed-conflicts

Dollars or Rubles? Russian Debt Payments Are Due, and Uncertain.

Citing sanctions, the Russian government warned it might pay foreign debt obligations in rubles. Credit rating agencies say a default is imminent.

#blackrock-inc, #credit-and-debt, #credit-ratings-and-credit-rating-agencies, #currency, #embargoes-and-sanctions, #european-central-bank, #fitch-ratings, #government-bonds, #jpmorgan-chasecompany, #politics-and-government, #ruble-currency, #russia, #russian-invasion-of-ukraine-2022, #siluanovanton, #us-dollar-currency, #vanguard-group-inc

European Central Bank Speeds Up Exit From Bond-Buying as Inflation Soars

Russia’s invasion of Ukraine and rising energy costs have added new uncertainty to the bank’s forecasts.

#banking-and-financial-institutions, #economic-conditions-and-trends, #europe, #european-central-bank, #inflation-economics, #quantitative-easing, #russian-invasion-of-ukraine-2022

Workers in Europe Are Demanding Higher Pay as Inflation Soars

Prices are rising at the fastest rate on record, and unions want to keep up. Policymakers worry that might make inflation worse.

#economic-conditions-and-trends, #europe, #european-central-bank, #france, #leroy-merlin, #lvmh-moet-hennessy-louis-vuitton-sa, #organized-labor, #prices-fares-fees-and-rates, #sephora, #wages-and-salaries

Europe’s Recession Contrasts Economic Fortunes of U.S. Expansion

The diverging recoveries underway in the United States and Europe underscore the value of effective vaccination and public spending in the pandemic.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #european-central-bank, #european-union, #eurozone, #recession-and-depression, #stimulus-economic, #united-states-economy

How the Stimulus Could Power a Rebound in Other Countries

As Americans buy more, they are expected to spur trade and investment and invigorate demand for German cars, Australian wine, Mexican auto parts and French fashions.

#china, #clarida-richard-h-1957, #europe, #european-central-bank, #eurozone, #federal-reserve-system, #gross-domestic-product, #international-trade-and-world-market, #lane-philip-richard, #romer-christina-d, #stimulus-economic, #united-states, #united-states-economy

Mario Draghi Saved the Euro. Can He Now Save Italy?

Mario Draghi has broad support as he tries to form a new government and restore Italy’s credibility and clout in Brussels. But Italian politics is a dangerous place for an enigmatic technocrat.

#bank-of-italy, #banking-and-financial-institutions, #conte-giuseppe, #credit-and-debt, #draghi-mario, #economic-conditions-and-trends, #economics-theory-and-philosophy, #euro-currency, #european-central-bank, #european-union, #eurozone, #italy, #legislatures-and-parliaments, #politics-and-government

Italy Looks to Mario Draghi to Solve Crisis, to Delight of Pro-E.U. Politicians

After a last-ditch attempt to revive Prime Minister Giuseppe Conte’s majority failed, Italy’s president summoned Mr. Draghi, the ex-head of the European Central Bank, to discuss leading Italy through the coronavirus emergency.

#conte-giuseppe, #coronavirus-2019-ncov, #draghi-mario, #european-central-bank, #five-star-movement-italy, #italia-viva-italian-political-party, #italy, #legislatures-and-parliaments, #mattarella-sergio, #renzi-matteo

Trump Wars II: The Loser Strikes Back

Trashing the nation on his way out the door.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #credit-and-debt, #european-central-bank, #mnuchin-steven-t, #presidential-election-of-2020, #presidential-transition-us, #treasury-department, #united-states-politics-and-government

Europe Risks a New Economic Downturn as Lockdowns Return

Record quarterly growth inspires little joy as the threat of a double-dip recession looms.

#coronavirus-2019-ncov, #daimler-ag, #economic-conditions-and-trends, #european-central-bank, #european-union, #eurozone, #gross-domestic-product, #ing-groep-nv, #international-monetary-fund, #korngold-erich-wolfgang, #lagarde-christine, #minder-raphael, #mkg-productions-inc, #quarantines, #recession-and-depression, #stimulus-economic, #theatre-royal-de-la-monnaie-brussels-belgium

Europe’s Economic Revival Is Imperiled, Raising the Specter of a Grinding Downturn

As the coronavirus regains force, economists fear that Europe’s tentative recovery is at risk from traditional political concerns.

#coronavirus-2019-ncov, #europe, #european-central-bank, #european-union, #france, #germany, #great-britain, #international-trade-and-world-market, #johnson-boris, #lagarde-christine, #politics-and-government, #recession-and-depression, #stimulus-economic

Surging Euro Presents E.C.B. With a Dilemma

A rising currency is eroding the competitiveness of European exporters. Officially, the central bank isn’t allowed to do anything about it.

#euro-currency, #europe, #european-central-bank, #eurozone, #interest-rates, #international-trade-and-world-market, #lagarde-christine, #stimulus-economic, #us-dollar-currency

‘Europe Finally Got the Message’: Leaders Act Together on Stimulus

New measures by the European Central Bank and the German government to combat the economic damage caused by the pandemic have exceeded expectations.

#coronavirus-2019-ncov, #european-central-bank, #european-commission, #european-union, #eurozone, #germany, #government-bonds, #lagarde-christine, #stimulus-economic

Could the Coronavirus Bring Europe Back Together?

After three months of chaos and deaths caused by the pandemic, the continent, led by Germany and France, is giving convergence another try.

#berlin-germany, #china, #coronavirus-2019-ncov, #europe, #european-central-bank, #european-commission, #european-union, #finances, #france, #germany, #great-britain, #greece, #italy, #lagarde-christine, #le-monde, #merkel-angela, #paris-france, #politics-and-government, #propaganda, #quarantines, #unemployment, #united-states, #wages-and-salaries

European Slump Is Worst Since World War II, Reports Show

The European Central Bank will pay banks to lend money after the economy shrank the most in decades. The worst is yet to come, the eurozone’s top central banker warned.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #europe, #european-central-bank, #eurozone, #germany, #interest-rates, #italy, #lagarde-christine, #politics-and-government, #spain

A Fumbled Global Response to the Virus in a Leadership Void

While world leaders are at last speaking out about the gravity of the pandemic, their voices are less a choir than a cacophony, with the United States absent from its traditional conductor role.

#berlin-germany, #biden-joseph-r-jr, #coronavirus-2019-ncov, #epidemics, #european-central-bank, #haass-richard-n, #lombardy-italy, #london-england, #trump-donald-j, #united-states-international-relations