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European Central Bank

This tag is associated with 3 posts

China got into bed with the U.S. Treasury and can’t get out


The Chinese sure are doing a lot of worrying these days about the stalemate in Washington. Li Keqiang, China’s Premier, told U.S. Secretary of State John Kerry that he was watching the tussle over raising the government’s debt ceilingwith “great attention” in a meeting last week. He has good reason to be concerned. With a stash of nearly $1.3 … Continue reading

China’s economy mending; Germany’s descending


Any hopes of a Euro Zone rebound appear to have been dashed for now The eurozone’s biggest member, Germany,is being sucked into the bloc’s worsening economic quagmire, business surveys suggested on Wednesday, as similar data signalled the slowdown in China may be abating. The slump that began in Greece and spread to other smaller eurozone … Continue reading

China’s second interest rate cut in month


SCMP says, “China made a surprise move yesterday to cut interest rates for the second time in a month. At the same time, the European Central Bank cut interest rates to a historic low and the Bank of England took steps to further ease credit. “While the moves by the three central banks don’t appear … Continue reading

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