Posts Tagged ‘ECB’s’
Imbalances within euro zone must be reduced to avoid future damage to the bloc
Decisive contribution must come from deficit countries
Undervalued currencies should make their foreign exchange rates more flexible
Sustainable fiscal policies are essential to monetary union
Monetary policy cannot be considered as a remedy for irresponsibility of other policies
Europe needs more stringent fiscal coordination, macroeconomic surveillance mechanism, robust crisis management
Sounds like a man running for the top spot at the ECB…
Again, he is referring to the euro zone rather than the currency, but it’s basically a distinction without a difference.
It is becoming increasingly clear that the euro zone is attempting to get its act together and move toward a firmer fiscal policy to complement their common monetary policy.
EUR/USD has rebounded back to the 1.3655 area [...]
No compromises in pursuit of price stability
Sees inflation as stable over medium-term
EZ recovery is becoming more or less self-sustaining
Trichet is on the wires as well:
We will always do what is necessary
We are never precommitted
Present interest rates are appropriate
Banks that need to should recapitalize
Data confirms gradual recovery
Does not exclude using EFSF funds for recapitalizing banks, buying [...]
Financial stability a goal growing in importance
Does not expect medium-term inflation rise above 2%
It’s that single mandate that has EUR shorts spooked. If the ECB “get’s a hair across” about inflation, we could see a repeat of the summer of 2008, when EUR/USD soared to 1.60 as the ECB focused on inflation and not on [...]
Grounds for cautious optimism on economy, not on fiscal crisis; too early
EU on right track with reform of fiscal rules
Governments must cut debt, deficits systematically, sustainably
German GDP may rebound to pre-crisis level by year-end
Banks cannot be on a capital drip forever
Fed’s QE2 policy has impact on euro exchange rate
Doesn’t know whether QE2 will be effective
No indications a new recession is coming in Europe
Euro is here to stay
Stability Pact should be strengthened
Left unsaid is the fear that German growth will fall to the sub-par levels of the rest of the euro zone…
He also says the statement but out by Germany, France the UK, Italy and Spain today( that bond-holders will only take haircuts on soured sovereign debt issued after 2013) is “full of sense”.
The ECB has been talking exit strategy in recent months but the flare up in sovereign debt woes has them backpedaling a bit.
Case in point: ECB chief economist Stark says the ECB has been withdrawing support measures but that they will keep them in place as long as needed.
With the Irish banks on life support, [...]
