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Bitte nicht! Germany still opposes banking union

  “Germany Remains Firmly Opposed to Banking Union” By Gordon Kerr, Cavin O’Driscoll and Enrico Colombatto, courtesy of IREF   In November, Germany’s Finance Minister Olaf Scholz wrote an article in the Financial Times claiming that he had devised a common European Deposit Insurance Scheme (EDIS)[1] that could be acceptable to both sides of the hitherto […]

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Is ECB stimulus too late?

                        While monetary “hawks” tend to reject any further monetary easing from the European Central Bank like the plague, doveish types are afraid that the ECB’s latest round of easing didn’t go far enough, and may have come too late anyway. The doves’ point […]