Markets

Unemployment In Europe Is A Disaster

The employment situation in Europe is a disaster. In his speech at Jackson Hole, European Central Bank president Mario Draghi presented seven charts on the state of employment in the Eurozone, but these two really bring home how awful the situation really is. The first chart shows the difference in […]
Unemployment In Europe Is A Disaster
Markets

ECB LEAVES RATES UNCHANGED

As expected, the ECB elected to leave the benchmark euro area refinancing rate unchanged in December at 0.25%, and the deposit rate unchanged at 0%. Last month, following the central bank’s November governing council meeting, the ECB surprised market participants by cutting the rate from 0.50%. ECB president Mario Draghi […]
ECB LEAVES RATES UNCHANGED