Klaas Knot has it in for France and Italy by earlier saying that the pace of reforms remains too low in the two countries. Speaking in a Dutch RTZ-Z interview he says that reforms without the pressure of the market … Continue reading
Translation = HELP! We need someone else other than our own failed government to save our arse. Talk to le main cos le visage ain’t listening
Says the ECB isn’t respecting its mandate Euro area deflation risk is dangerous Translation = Moar policy please to lower the exchange rate.
I didn’t know they had a recovery. Anyone else seen it? There was nothing hiding down the back of the sofa. Bank of France and ECB man Christian Noyer also says that ECB monetary policy needs to be transmitted to the … Continue reading
Angela Merkel’s deputy parliament leader Ralph Brinkhaus says that France’s idea of euro devaluation is not a solution and that the ECB’s mandate is to maintain price stability. Speaking also from the party script he said that growth, jobs and … Continue reading
He’s obviously given up on what he can/should be doing for the country Companies need to implement competitivity pact France must implement reforms to be more efficient Financing needs to go to the economy and investment
Speaking at a social conference he adds that French industry is too weak and competitivity has deteriorated. One of his first pledges was that he was going to reduce unemployment. You can count on one hand the number of times … Continue reading
French foreign minister Fabius says talks on Ukraine “can report mission accomplished”… I’m going to hope that’s a bad translation.
Speaking in an interview in Les Echos, Manuel Valls says that the ECB needs to go further on the euro and that ECB monetary policy can’t just focus on interest rates. An overvalued euro is bad for growth and industry … Continue reading
A bit of a stinker for the French this morning on the PMI’s as they post some dreadful figures this morning. The rest of Europe is sliding from the early years highs but at least they are still in expansion … Continue reading