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Money Euro crisis: Bank hits back at Germany over rate row

Politicians in Germany have been attacking the ECB's policy of negative interest rates, which is damaging the income of savers and pensioners. But the the Bank's president has again hit back and said rates are low because Germans are saving TOO much. And then added: "There is a temptation to conclude that since very low rates generate these challenges, they are the problem."But they are not the problem.
Express
03/05
26 Points
1

Money BACK OFF: Germany isn’t going to bully us to change tack says Euro Bank boss

He pointedly said: "One thing is clear: the ECB obeys the law, not the politicians. "Or, as one of my predecessors put it, it is normal for politicians to comment on our actions. In comments patently meant for German policymakers he also warned that a perception that the ECB's independence was "under attack can unsettle businesses and consumers". Mario Draghi has used an interview with German newspaper Bild to again defend his policies after criticism from Germany.
Express
28/04
17 Points
1

Money Clumsy bankers will DESTROY crippled economy and plunge world into chaos, investor warns

Central banks across the world are currently dishing out near and even sub-zero rates and QE programmes in a battle to stimulate inflation and growth. In a strongly worded rant, permabear Albert Edwards pinned the blame on central bankers for low interest rates and “virtual” quantitative easing (QE) programmes. However Mr Edwards argued as well as failing to help normal people, monetary policy is making the rich richer and stirring anger and resentment among normal people.
Express
23/04
19 Points
1

Money ‘We don’t work for Germany!’ ECB lashes out as ‘interfering’ Merkel loses patience with EU

The leader in effect told top German politcians to stop meddling after they publicly criticised ECB actions. "And it shouldn't be confused with interference in the independent policy of the ECB, which I fully support."Mr Draghi yesterday insisted the controversial measures were working and vowed to use the full scope of his monetary powers for "as long as needed". As sentiment between the two reached an all-time low, the head of the eurozone's central bank yesterday lashed out at Germany.
Express
22/04
21 Points
1

Sports England captain Alastair Cook risks ban after breaking ECB rules

Express
15/04
3 Points
1

Money IMF issues warning to Eurozone: Lagarde says tackle financial crisis NOW or face RUIN

Ms Lagarde urged the bloc to improve job training to tackle high youth unemployment and fight against low growth.She also said the United States should implement a higher minimum wage and boost working benefits.The IMF has warned that growth in Europe, as well as Japan, has been a major disappointment since the global financial crisis. Now the latest economic indicators show a marked slowdown in March, adding to a run of weak figures from the start of the year.
Express
05/04
21 Points
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