EU economy

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. 

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.

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 European Central Bank has either changed history, or paused it.

Its current capital key approach reduces funding costs for the wrong countries.

Germany and France got as much risk sharing as their banks needed.

The problematic alignment of interest between bankers and central bankers.

That sucking sound is the retreat of the ECB, says Oxford Economics.