Greece leaves Troika programme, but ECB’s bullying goes on
If the Greek crisis is over, why is the European Central Bank still excluding Greece from quantitative easing?
How Greece lost billions out of an obscure ECB programme
Through its peculiar “Securities Market Programme”, the European Central Bank generated billions of profits for creditor Member States such as France and Germany. Our research shows that nearly €8 billion have been lost for Greece.
Lessons from the Swiss referendum on sovereign money
Switzerland’s recent referendum on sovereign money is a demonstration that the monetary system change cannot happen in one go. Education, cultural shift and political support are all necessary preconditions to achieve meaningful reforms.
The end of quantitative easing is near, long live QE!
Despite the supposed end of quantitative easing in December 2018, future reinvestments mean the ECB will purchase at least another 180 billion euros of bonds in 2019.
The ECB must stand ready to support Italy
To protect Italy from unjustified market pressure, the European Central Bank should stand ready to activate its OMT programme and provide unconditional liquidity support to the new Italian government.