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The Tree and the Forest
What to do of yesterday’s decision of the ECB? The tree looks very rather nice, the forest much less. First, a look at what Mario Draghi announced: “[...] the Governing Council today decided on the...
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Fear and Confusion in Frankfurt
I must say I am puzzled by today’s decision of the ECB to leave rates unchanged. It simply does not fit with what Mario Draghi said during the press conference. Let me quote him. Inflation expectations...
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Fear and Confusion in Frankfurt
I must say I am puzzled by today’s decision of the ECB to leave rates unchanged. It simply does not fit with what Mario Draghi said during the press conference. Let me quote him. Inflation expectations...
View ArticleWages and Inflation: Let Workers Alone
[Note: this is a slightly edited ChatGPT translation of an article for the Italian daily Domani] Last week’s piece of news is the gap that opened between the US central bank, the Fed, and the European...
View ArticleAusterity. The Past That Doesn’t Pass
[As usual lately, this is a slightly edited AI translation of a piece written for the Italian Daily Domani] The European Commission recently revised downwards its forecasts for both growth and...
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