The Corona crisis is currently overshadowing three crises that are also currently being - covertly - negotiated: First, an economic crisis since the fall of 2019. Second, the crisis in municipal finances Third, an investment crisis, better known as an investment backlog.
Open Letter: Write off debt, win the future! (tags)
We are fortunate to have a creditor that does not have to fear losing its money: the ECB (European Central Bank). Our proposal is therefore very simple: let us conclude an agreement between the European states and the ECB. The ECB writes off the debt it holds (or converts it into perpetual interest-free debt).
Giving Money to People is The Only Way, Says French Bank's Chief' Economist (tags)
For monetary policy to boost demand, the only solution is helicopter money (Patrick Artus).
65 Economists Call for QE for People in the Eurozone (tags)
The campaign for Quantitative Easing for People is currently supported by 21 organizations and aims to redirect money created through the QE program to the real economy by either financing public investment spending in the eurozone or by distributing a citizens' dividend to all residents
ECB May Deny Greek Banks More Emergency Funding (tags)
Greece
Entrapping Greece in Debt (tags)
Greece
"No" Supporters Win in Greece: Now What? (tags)
Greece
Troika Intends Starving Greece Into Submission (tags)
Greece
Irrational Draghi Exuberance (tags)
class war
class war
class war
class war
Emergency Central Bank Intervention Coming? (tags)
class war
Wrecking Europe to Fix It (tags)
class war
Central Bank Intervention: Much Ado About Nothing (tags)
class war
At Risk Eurozone Sovereign Credit Ratings (tags)
Eurozone
Spreading Eurozone Contagion (tags)
class war
European Central Bank pumps $500 bn into banking system (tags)
TO SUCCEED over the global credit crunch in aftermath of sub-prime crisis, the European Central Bank (ECB) has announced to grant a record double loan to its banks. The ECB has decided to pump 348.6 billion euros ($501.5 billion) into the banking system through its banks. Though lending to banks at 4.21% rate of interest is available only for two weeks, it is expected that the grant will boost the diminishing confidence of the bank.