Italy’s debts to European Central Bank near €500bn -- “As long as the eurozone stays together, all of this is an accounting issue.”

Investors scrutinise eurozone imbalances as they await new government’s budget

By Kate Allen in London and Claire Jones in Frankfurt

A widely watched measure of eurozone capital flows suggests that Italy’s debts to the European Central Bank are set to hit €500bn this summer, reflecting the eurozone’s persistent financial imbalances. 310 more words

Jockeying Begins to Take European Central Bank’s Reins From Draghi

Germany’s Weidmann, the likely front-runner, draws criticism for contrary stances, while French member of executive board advances as a dark horse

European Central Bank President Mario Draghi attends an Eurogroup finance ministers’ meeting at the European Council in Brussels on May 24. 1,340 more words

Bill Poulos: News Reports Cause Market Price Action Volatility

It is important to look at how the major indexes are moving in order to get an idea of the direction we may want to focus in with… 498 more words

Bill Poulos

Crisis By Design in Italy, Courtesy of the ECB

Over the past nine years, the European Central Bank has pinned its inefficacy on its independence and its legal inability to get involved in the politics of fiscal matters. 59 more words

Help Workers and the Economy with Lower Employment Taxes

One of the core principles of economics is that prices are determined by supply and demand. That includes the price of labor – i.e., the wages received by workers. 916 more words

Economics

Ruction in Italy 'local episode' says European Central Bank President Mario Draghi

The European Central Bank saw no cause for wider concern from recent political upheavals in Italy, though new governments in the euro zone should be careful not to undermine its institutions, bank President Mario Draghi said on Thursday. 268 more words