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Tag Archives: Quantitative Easing

How the ECB plunders Pension Funds and Deposits

Are you one of the few chosen ones with euro savings at the bank? Are you shocked every time you go get your “profit” from the interest rates to see a handful of coins landing in your purse?  You complain to the bank and get the standard answer “There is …

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ECB’s QE: Greek bonds are in under conditions

The European Central Bank announced its Quantitative Easing (QE) program and set limits on buying Greek government bonds for at least six months. ECB President Mario Draghi said that Greece will be ineligible for the ECB’s 1.1 trillion-euro ($1.3 trillion) program until at least July because of limits on how …

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“L’ euro c’est moi”-Merkel: ECB is independent to take decision on QE, but…

German Chancellor Angela Merkel reiterated on Wednesday that the ECB is independent in its decision-making but said it is important nevertheless for the central bank to avoid sending any signals that could undermine the need for structural reforms. “The ECB hasn’t made any decisions yet,” Merkel said at a news …

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