The melting down of Euro – TPI Special
The ECB did finally outline how the TPI is supposed to to work. I have read all that, and it’s a bunch of good intentions. Bet let’s dig deeper.
A disagreeable blog about Finance
A disagreeable blog about Finance
Short articles making up the Melting Down of Euro series
The ECB did finally outline how the TPI is supposed to to work. I have read all that, and it’s a bunch of good intentions. Bet let’s dig deeper.
The Euro is a necessary concept. But it is also a flawed currency.
A breaking point for the monetary union exists down the line. The question is: how will we get there?
In part 3 of this series, let’s discuss the reason behind the loss of value of the Euro currency, its mending by the means of the ECB’s Spread Control facility, and why that won’t work.
In part 2 of this series we look at the outcome of 10 years of negative interest rates by the ECB. It isn’t good.
In a few days exactly 10 years will be between us and the historic “Whatever it takes” moment, in which Mario Draghi single-handedly saved the European currency, thereby saving both the currency, and Europe as a monetary union. But wait…