What was the ECB trying to achieve on Thursday by reactivating the SMP but purchasing only Irish and Portuguese government debt? (It appeared that the ECB was buying them again, at longer maturities, on Friday.)
There are plenty of theories. Read more
BRUSSELS(Dow Jones)–Euro-zone governments have begun discussing a change to their permanent sovereign rescue fund that could raise the currency bloc’s total rescue loan capacity to nearly EUR1 trillion, a senior euro-zone official said. Read more
One really has to admire ECB president Trichet.
His ability to bat away difficult questions without saying anything remotely controversial is phenomenal. Read more
The ECB announces its monetary policy decision on Thursday and is widely expected to keep rates unchanged at 1.25 per cent.
What’s much less clear is whether President Trichet will use the phrase “strong vigilance”. Read more
… the tightening cycle at the ECB that is.
“Strong vigilance”.
“Heightened alertness”. Read more
1Bernanke weighs in on robot wars; brings Keynes for backup
2Pump up, debase
3Further reading
4The risk of a Japanese VaR shock
5In which the FTSE puts the crisis behind it
Show more6A Kazakh muddle
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