Tag: European Central Bank

NOVANEWS Adelina Marini The Second CCCTB Proposal Seems Also Headed for a Failure Mario Draghi: Do Not Forget To Complete The Euro Area! A Second Attempt at the Common Consolidated Corporate Tax Base There are two pieces of news from the June meeting of the Governing Council of the European Central Bank. The first is that the bank took a step towards tightening monetary policy. The second is that serious changes will not occur until basic inflation remains a straight line. There is a hint about upcoming monetary policy changes contained in the absence from the press release about ECB monetary decisions of the phrase “or lower” in the paragraph “The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the ...

NOVANEWS The Euro and the European Central Bank (ECB) Are “Murdering Europe”. How Globalization Destroys Nations By F. William Engdahl New Eastern Outlook   The Euro is murdering the nations and economies of the EU quite literally. Since the fixed currency regime came into effect, replacing national currencies in transactions in 2002, the fixed exchange rate regime has devastated industry in the periphery states of the 19 Euro members while giving disproportionate benefit to Germany. The consequence has been a little-noted industrial contraction and lack of possibility to deal with resulting banking crises. The Euro is a monetarist disaster and the EU dissolution is now pre-programmed as just one consequence. Those of you familiar with my thoughts on the economy will know I fee...