The ECB and the Fed

By: Charles Wyplosz, Graduate Institute of International Studies

Facing different situations, the Fed and the ECB muddle through, each in its own way.

The case against a Grand Coalition in 2009

By: Wolfgang Münchau

Forget all this hogwash about the responsibility of the cenrtre. Grand coalitions are undemocratic.

Probably one more rate rise this year

We at Eurointelligence are sticking with our forecast of another ECB rate rise at some point this year. The reason is not that the ECB is already planning this - it is not. The reason that most forecasters are still too optimistic about the outlook for inflation.

Beyond 4.25%

We predicted last time that the next movement in interest rates would be a rate rise. In today's ECB Watch we look beyond July's rate increase. Where will the ECB stop?

So how about this rate increase?

Believe it or not: The ECB policy stance is not neutral anymore. The central bank is more likely to raise interest rates now than to cut them.

Ten reasons to leave the euro-dollar exchange rate alone

We have been hearing a lot of anguished comment about the euro-dollar exchange rate. Here are ten reasons why we should leave the euro/dollar exchange rate alone.

A Run on America

This crisis will mean three things: the end of the US as the world sole economic superpower; the end of the dollar as the global reserve currency, and its replacement by the euro; and the de facto end of Anglo-Saxon transaction-based financial capitalism.