Excerpt
GEAB 75 (May 2013) - BoJ, Fed, ECB : with different methods, contrasting
futures
As we see
on a daily basis, central banks play a major role in the crisis’ management. In
order to see the unfolding of the global systemic crisis more clearly, we must
understand how they act, the limits, the advantages, and disadvantages of their
interventions. We have therefore decided to explain, in broad terms, the
principal Western central banks’ policies. In particular we will see that the
ECB on the one hand, and the Fed and the Bank of Japan (BoJ) on the other, use
different tools and that the expression “printing press” really only applies to
the last two.
ECB rate
decision: No more bazookas?
The
European Central Bank (ECB) is not expected to launch any "bazookas"
at its December meeting, according to analysts, but it could resort to a
different stimulatory weapon...
Le coup de Trafalgar de la Cour constitutionnelle italienne
La Cour constitutionnelle a jugé inconstitutionnel le
système électoral en vigueur durant trois législatures et plonge la classe
politique dans le désarroi. Le M5S de Beppe Grillo et Silvio Berlusconi lancent
un appel à des élections anticipées...
Goldman
Sachs threatens to quit the City if Britain leaves the European Union
Goldman
Sachs has warned that it would move its European operations to Paris or
Frankfurt if Britain leaves the European Union...
Massive
Crude Inventory Drop of 12 Million Barrels: API
That 12
million barrels must have evaporated. Or somehow a number was misreported. The
API gets its data voluntarily from refiners, bulk terminal owners, and pipeline
companies...
Yi Gang:
China's Forward-Thinking Forex Chief
Yi's latest
priority, he told Caixin in a November 25 interview, is to curb growth for a
foreign reserves stash that has gotten too big for its own good. He also wants
to put the reserves to work through efficient investment...
European
court is not superior to UK supreme court, says Lord Judge
The law
should be changed to make it clear that British courts are not obliged to
implement judgments of the European court of human rights (ECHR), according to
the former lord chief justice...
China gives
no ground to Biden in air zone dispute
Giving no
ground, Chinese President Xi Jinping and U.S. Vice President Joe Biden traded
strong arguments Wednesday over China’s contentious new air defense zone, with
no indication of progress toward defusing a situation that is raising anxieties
across Asia and beyond...
US
secretary of state vows to aid Moldova's integration with Europe
U.S.
Secretary of State John Kerry, who briefly visited Chisinau on Wednesday
evening, said he had come to Moldova to congratulate the country's people and
leaders, who initialed an association agreement with the European Union at the
Eastern Partnership summit in Vilnius, Lithuania, last week...
Fisc
français : les demandes de régularisation explosent
Les services
fiscaux ont reçu plus de 8.500 demandes de régularisation au cours des trois
derniers mois. C’est davantage qu’au cours des quatre dernières années
précédentes, a indiqué lundi Bernard Cazeneuve, le ministre du Budget. Quant
au manque-à-gagner fiscal lié au report de l’écotaxe, il sera compensé par des
«?économies supplémentaires? »...
Puerto
Rico, with at least $70 billion in debt, confronts a rising economic misery
The economy
here has been in recession for nearly eight years, crimping tax revenue and
pushing the jobless rate to nearly 15 percent. Meanwhile, the government
is burdened by staggering debt, spawning comparisons to bankrupt Detroit and
forcing lawmakers to severely slash pensions, cut government jobs and raise
taxes in a furious effort to avert default...
Ex-Shin Bet chief: Iranian threat dwarfed by danger of
failed peace talks
The ongoing conflict with the Palestinians poses more of an
existential danger to Israel than Iran’s renegade nuclear program, former
Shin-Bet director Yuval Diskin warned Wednesday night...
Russian oil output hits post-Soviet monthly record high
Increased production at Rosneft and foreign-led projects
sent overall Russian oil output, the world's largest, to a new post-Soviet
record-high of 10.61 million barrels per day last month, Energy Ministry data
showed on Monday...
Spain's anti-protest bill criticized as anti-democratic
Spain's conservative government agreed on Friday to toughen
penalties for unauthorized street protests up to a possible 600,000 euro
($816,000) fine, a crackdown that belies the peaceful record of the anti-austerity
protests of recent years...
Eurosur - surveillance or protection for refugees?
The Frontex border protection agency uses high technology to
coordinate activities on the EU’s external borders. But even before its launch
the new Eurosur system has drawn criticism in matters of human rights...
Four GCC countries to announce common currency by
end-December
“From an economic point of view, it would have been better
to peg the new currency to a basket of currencies because the volume of trade
of the Gulf states with the countries of the European Union is much larger than
that of their commerce with the United States. Gulf exports of oil to the
European Union are estimated to constitute about 70 per cent of European
imports,” the source said...
.................................
This special Press Review reviews articles from the French
and Engligh-speaking international online media relating to the unfolding
global crisis.
It is delivered freely on a weekly basis to 60,000
recipients worldwide.
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