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Neither experience nor theory supports the case of the hawks.
If the ECB is serious about stimulus, it must consider lenders’ profits
Last-minute sweetening of terms left eurozone lenders little time to respond
Staff at lender forgot to get approval to buy and sell additional tier 1 bonds between 2014 and 2017
Governing council members must not risk endorsing populist slogans
Mario Draghi has grown more forthright in urging governments to help boost growth
Investors are uneasy about the global economy and impact of central bankers
Lane defends monetary stimulus package as backlash against criticism mounts
Mike Mackenzie’s daily analysis of what’s moving global markets
Succession of ECB council members speak out on negative rates and bond-buying
Mario Draghi relaunches stimulus amid concerns in Berlin
Two of them, in fact.
There is a growing acceptance that monetary policy has reached its limits
ECB launches bond-buying, rate cuts and offers protection to eurozone’s fragile banks
Fresh stimulus package for eurozone as growth forecast downgraded
A disappointing package risks denting ECB’s inflation credibility.
There are weaknesses in the laws and framework for dealing with ailing institutions
The benefits of integration carry a price tag. German voters have never been required to understand this bargain
What to watch for at Thursday’s governing council meeting as Draghi pushes for action
With external risks continuing to rise, caution could prove costly
Any sense the central bank has not gone far enough could be brutal
Their commitment to price stability requires them to back Draghi’s stimulus plans