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Confidence comes with a catch. Photographer: Horacio Villalobos/Corbis via Getty Images
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The logo of the European currency Euro is pictured in front of the European Central Bank, ECB. Photo AFP, Daniel Roland
Change is Coming at the ECB
The European Central Bank is wrestling with how to exit the super-accommodative policy that’s dominated Mario Draghi’s tenure as president. In trying to determine the path of this off-ramp, it might be instructive to look backward. To December of last...Caption:
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 10, 2016. REUTERS/Brendan McDermid
US Shares Hike Modestly, Euro Dips
US shares rose modestly and European stocks were little changed on Thursday as investors digested testimony from former FBI Director James Comey before a Senate panel, while the euro fell after the European Central Bank kept interest rates on hold and oil prices...Caption:
European Union (EU) flags fly in front of the European Central Bank (ECB) headquarters in Frankfurt, Germany, December 3, 2015. REUTERS/Ralph Orlowski/File Photo
Europe Has No Bubbles to Fear
Talk to critics of the European Central Bank’s ultra-loose monetary policy and a common theme emerges: concern about financial stability. Quantitative easing is seen as creating dangerous asset bubbles. Negative interest rates are said to hurt bank profitability,...Caption:
The headquarters of the European Central Bank (ECB) are pictured in Frankfurt, Germany. (Reuters)