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European Bank can't kick-start eurozone economy

A top official at the European Central Bank admits that unemployment and low growth are undermining the foundations of the European Union.

Speaking at the World Economic Forum in Davos, Benoit Coeure, a member of the bank’s executive board, said there was nothing the European Central Bank could do to kick-start the eurozone economy and create lasting economic growth. 38 more words

NewsDesk

Time To Book That Trip To Europe

If you’ve got a trip to Europe on your “bucket list,” you might want to go for it now.  For Americans, travel in France, Germany, Italy, and the other members of the Eurozone will be as cheap as it has been in years — for the next few months, at least. 264 more words

America

The People Speak

The pound rose to its strongest level in almost seven years against the euro as the European Central Bank said it would inject more than 1.1 trillion into the euro system through buying debt in the region. 330 more words

Oil Falls After Greek Election Sends Euro Plummeting

Oil slid in early Asian trade on Monday, with U.S.crude falling close to a six-year low, after Greece’s election results heightened uncertainty in the euro zone and depressed the bloc’s currency against the dollar. 281 more words

Headlines

Syriza comes in first!

The scientific editors of Selecting Stones would like to take this opportunity to briefly congratulate Alexis Tsipras and Syriza for their stunning victory in Greece’s elections today. 172 more words

Notes

GREECE NEEDS DEBTS CANCELLED AND GROWTH – SIGNED BY ECONOMISTS

From The Guardian

PENSIONERS TAKING PART IN A PROTEST AGAINST AUSTERITY OUTSIDE THE GREEK FINANCIAL MINISTRY IN ATHENS IN DECEMBER. PHOTOGRAPH: PETROS GIANNAKOURIS/AP

As economists, we note that the historical evidence demonstrates the futility and dangers of imposing unsustainable debt and repayment conditions on debtor countries; the negative impact of austerity policies on weakening economies; and the particularly severe effects that flow on to the poorest households. 474 more words

Hot

HOLMAN JENKINS: ‘Secular Stagnation’ and the Cheap Burger

Wall Street Journal: What do Sheldon Silver, the European Central Bank, and McDonald’s have in common?

It may seem peculiar to link the arrest of New York Assembly Speaker Sheldon Silver with the European Central Bank’s latest monetary legerdemain. 66 more words

Politics