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Einecke, Helga
2 articles of this author have been cited in the European Press Review so far.
Lowering of interest with dubious results
The Süddeutsche Zeitung doubts the lowering of interest rates will have the desired effect. "As bold as the ECB's step may be, it will be difficult for it to persuade Europe's banks to pass on these low interest rates. At the moment the banks themselves need money, but they have stopped lending to each other. They are still offering investors high interest. But the latter should prepare for a marked decrease in interest rates because banks won't be able to keep up this policy for much longer."
» full article (external link, German)
More from the press review on the subject » Fiscal Policy, » Corporations, » Europe
The ECB gives away money
"The European Central Bank has sent two entirely contradictory messages," Helga Einecke writes. On the one hand it announced a rise in the base rate in its monthly report for September. On the other it has given financial markets a record money injection in the short term. Einecke points out that this is not in fact a contradiction but the right policy given the current situation. She explains: "In the medium term, meaning over the next one or two years, it wants to take money off the markets because it fears that the liquidity which still abounds in Europe could boost inflation. The ECB has taken the right course of action by giving the nervous players on financial markets a sedative without forgetting its medium-term goal: stable prices for consumers. Moreover, it's good that the financial markets have been forewarned for the month of September and therefore won't get any nasty surprises."
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More from the press review on the subject » Fiscal Policy, » Tax Policy, » Europe, » Global
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