The German Constitutional Court declared the purchases of government bonds by the European central bank partially illegitimate. The ECB, coldly replied: "We take note". The German ruling of the Karlsruhe Court is a boulder weighing on the ECB, but also on the European Court of Justice. The German judges want to stem, [...]
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The Bank of Italy certified the Italian public debt for the year 2018: it rose by 53,2 billion to 2.316,7 billion. Economist Renato Brunetta of Forza Italia immediately commented on the data: “With Italy entering recession from the fourth quarter of 2018, the 2019 debt / GDP ratio will be higher than the estimated 2,04%, probably between [ ...]
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Mario Draghi announced yesterday in Riga, during a board meeting that the “bazooka” is about to end the injection of liquidity, referring to the quantitative easing procedure. This news has further unnerved the markets already stressed by the unknowns on tariffs. To offset the bad news, however, he said he will leave rates unchanged [...]
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Mario Draghi announced that the “bazooka” is about to end the injection of liquidity, referring to the quantitative easing procedure. This news has further unnerved the markets already stressed by the unknowns on tariffs and the next moves of the Italian government. On June 14 in Riga it will be decided when to reset Bond purchases. This is confirmed by Peter [...]
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Mario Draghi takes time on Qe Quantitative easing: the decision on the next downsizing of the bond purchase program postponed to October. And it does so by pushing itself to the maximum limit in the field of exchange rates: it describes the strong euro as a "source of uncertainty" that is beginning to worry. But the euro, instead of depreciating as expected, driven by [...]
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