Transatlantic Strife
I don't deny that calm was restored thanks to Mario Draghi, and especially the OMT. I just point out that the OMT is inseparable from the austerity measures, and it's the package that financial markets respond to.
Heleen Mees, teaches at New York University’s Wagner Graduate School of Public Service and is the author of The Chinese Birdcage - How China’s Rise Almost Toppled the West.
May 16, 2013 Heleen Mees
May 2, 2013 Heleen Mees
Apr 22, 2013 Heleen Mees
Apr 9, 2013 Heleen Mees
Jul 29, 2012 Heleen Mees
Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.