A European Coronabond is being widely touted. But issuing it entails some massive political choices, argues Lorenzo Bini Smaghi.
Everything’s gone green.
Government bond markets are not having a good day. The sell-off is particularly bad in Italy.
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The European Central Bank really is there to close spreads.
The eurozone’s monetary guardian needs to counter fears it will do too little too late.
This time is different?
Germany’s green package belies years of underinvestment.
Dampening criticism in the eurozone’s largest economy is one of the most important challenges the new president will face.
According to Willem Buiter, the central banks of the eurozone member states could go bust. We think he overstates the risk.
Europe’s central bankers want a new target. First they must look at why inflation has been so low for so long.
Italian politicians are right to block the new ESM treaty. It does anything but encourage risk-sharing or eurozone resilience, argues Consob’s Marcello Minenna.
A more precise definition of this slogan will help show that many of the criticisms against climate action are invalid.
Germany is nowhere near as exposed as Spain was to a crash in house prices.
The country’s property sector is an outlier across Europe.
German minister softens opposition to eurozone-wide deposit insurance, but Italy will worry about impact on banks and its own books
Central bankers’ theories have in practice fallen short. That has left them vulnerable to attacks.
Neither experience nor theory supports the case of the hawks.
Two of them, in fact.
A disappointing package risks denting ECB’s inflation credibility.
Germany offers zero-coupon bond maturing in 2050. Investors lap it up.
Who is right? Twitter or Milton Friedman?
The entire German yield curve goes below zero for first time ever.
“The ECB has to do something, because it’s the only one that will” is not an argument.
Deleveraging is likely to take a long time.
The former Greek finance minister and economist chats to Alphaville.
With Waltraud Schelkle and Ashoka Mody.
The European Central Bank has either changed history, or paused it.
