economy, euro, european economy, european union, negative interest rates

Predictions for the European Economy: Gloomy Days Ahead

The European Central Bank (ECB) has lowered the interest rates for bank deposits by 10 basis points to minus 0.5 percent. The ECB is hoping that the measure will encourage banks to lend out more, thereby stimulating the economy. Negative interest rates In a negative interest rate policy, the banks in the region will have ...

September 25, 2019

Jack Roberts

Italian Debt Default Might Trigger Beginning of the End for the Euro

While the U.S.-China trade war and Brexit have been hogging international headlines, a quiet storm is brewing in Italy that threatens to disrupt the European economy. The country’s debt is currently sitting at 132 percent of its GDP, worrying several experts that it might trigger another financial crisis in the EU similar to or even ...

July 21, 2019

Jack Roberts