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Keyword: ecb

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  • DOJ Election Crimes Head Quits Within Hours After Bill Barr Authorizes Investigation Of Voter Fraud

    11/09/2020 7:25:55 PM PST · by Kevin in California · 73 replies
    Politizoom ^ | 11/09/2020 | Ursula Faw
    Mr. Barr’s authorization prompted the Justice Department official who oversees investigations of voter fraud, Richard Pilger, to step down from the post within hours, according to an email Mr. Pilger sent to colleagues that was obtained by The New York Times. […] Mr. Barr said he had authorized “specific instances” of investigative steps in some cases. But he made clear in a carefully worded memo that prosecutors had the authority to investigate only “substantial allegations” of irregularities, warning that “specious, speculative, fanciful or far-fetched claims should not be a basis for initiating federal inquiries.” Mr. Barr’s directive ignored the Justice...
  • DOJ's Election Crimes Director Resigns After Barr Authorizes Election Fraud Investigation

    11/09/2020 7:24:09 PM PST · by truthkeeper · 94 replies
    Newsweek ^ | November 9, 2020 | Daniel Villarreal
    Richard Pilger, the U.S. Department of Justice (DOJ) Director of the Election Crimes Branch, has resigned following Attorney General William Barr's authorization earlier today for federal prosecutors to investigate allegations of voter fraud in the 2020 presidential election. Pilger reportedly tendered his resignation within hours of Barr's green-lighting of investigations into allegations of fraud that have yet to be substantiated, The New York Times reported. The re-election campaign of Republican President Donald Trump and various Republican political leaders on the federal and state level have alleged that fraudulent ballots swung the contentious presidential race into the favor of Trump's opponent,...
  • Top DoJ Voter Fraud Investigator Quits After AG William Barr Authorizes Probe

    11/09/2020 7:02:27 PM PST · by D Rider · 126 replies
    11 09 2020 | Tyler Durden
    "Having familiarized myself with the new policy and its ramifications... I must regretfully resign from my role as director of the Election Crimes Branch."
  • German economy in 'freefall' as exhausted Draghi loses his magic

    07/28/2019 6:49:34 AM PDT · by Trump20162020 · 46 replies
    The UK Telegraph ^ | July 25, 2019 | Ambrose Evans-Pritchard
    German industry is in the deepest slump since the global financial crisis and threatens to push Europe’s powerhouse economy into full-blown recession. The darkening outlook is forcing the European Central Bank to contemplate ever more perilous measures. The influential Ifo Institute in Munich said its business climate indicator for manufacturing went into “free fall” in July as the delayed damage from global trade conflict takes its toll and confidence wilts. It goes far beyond the woes of the car industry. More than 80pc of Germany’s factories are in outright contraction.
  • Europe must fight illiberal forces, Draghi warns

    12/15/2018 10:37:59 AM PST · by Olog-hai · 21 replies
    Reuters ^ | December 15, 2018 7:33 AM | Silvia Ognibene, Balazs Koranyi
    The spread of illiberal ideology is threatening the euro, but it is an illusion that leaving it would offer an easier path, European Central Bank President Mario Draghi said on Saturday. Warning that a half-finished monetary union could be at risk in the next crisis, Draghi made the case for sweeping changes in how the currency bloc operates and spreads around financial risk. “The fascination with illiberal prescriptions and regimes is spreading; we are seeing little steps back in history,” Draghi said in Pisa, Italy. “Only by continuing to make progress, freeing up individual energies but also fostering social equity,...
  • Wrath of Draghi Hits Germans who Refuse to Blow their Savings

    05/07/2016 11:18:22 AM PDT · by Lorianne · 21 replies
    Wolf Street ^ | 05 May 2016 | Don Quijones
    As Draghi said in a speech to Asian government officials and business leaders on Monday, there’s still a great deal more that can be done to punish Europe’s hordes of savers, the central banker’s scapegoat du jour for all that ails Europe’s debt-laden economy. The low or negative interest rates plaguing Europe are a symptom of a much bigger problem, he said: the compression of investment returns due to a massive global savings glut. To our great amazement, it’s this purported glut — and not his monetary policies — that lies behind the historic decline in interest rates. Inevitably, whenever...
  • 'There cannot be a limit' to stimulus, says ECB president Mario Draghi

    12/06/2015 8:50:11 AM PST · by Lorianne · 3 replies
    AFP / Telegraph (UK) ^ | 04 December 2015
    Mario Draghi has said the European Central Bank would intensify efforts to support the eurozone economy and boost inflation toward its 2pc goal if necessary. Speaking a day after the ECB's moves to expand stimulus fell short of market expectations, the central bank president said that he was confident of returning to that level of inflation "without undue delay". "But there is no doubt that if we had to intensify the use of our instruments to ensure that we achieve our price stability mandate, we would," he said in a speech to the Economic Club of New York. "There cannot...
  • Draghi About to Quit ECB?

    12/15/2014 11:46:05 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | December 15, 2014 | Mike Shedlock
    Rumor has it that Draghi is so fed up with German opposition to everything he wants to do with stimulus and sovereign debt bond buying that he is about to leave the ECB. The Fiscal Times asks Why the Hell Does Mario Draghi Want to Leave the ECB Now!? What would happen to EuropeÂ’s prospects for recovery if Mario Draghi left his job as president of the European Central Bank? Would DraghiÂ’s plans to implement an ambitious policy of monetary stimulus get bulldozed by German inflation hawks and others favoring continued austerity across the Continent? Even a week ago there...
  • DRAGHI: Inflation Must Rise Without Delay(the sky is falling, only inflation can save us)

    11/21/2014 1:30:29 AM PST · by TigerLikesRooster · 34 replies
    BI ^ | Nov. 21, 2014 | Mike Bird
    DRAGHI: Inflation Must Rise Without Delay Mike Bird   European Central Bank boss Mario Draghi is speaking today at a banking conference in Frankfurt, and he has one central message: we have to bring inflation back up, now. It’s one of Draghi’s most forthright speeches, with one exceptional snippet: “It is essential to bring back inflation to target and without delay.” Draghi added: “We have to be very watchful that low inflation does not start percolating through the economy in ways that further worsen the economic situation.” You can take a look at the full text of the speech...
  • "Whatever It Takes" Stage Two; Headwinds Explain Why Draghi Will Fail (Again)

    11/07/2014 11:09:09 AM PST · by Kaslin · 2 replies
    Townhall.com ^ | November 7, 2014 | Mike Shedlock
    "What's it all about Alphie" is a sing-along that most have heard. Take out the word "Alphie" and substitute "Draghi" and the answer is "Assuage Investors" in yet another can-kicking exercise. ECB president Mario Draghi hopes that if he continues with his kick-the-can tactics long enough, that something good will eventually happen. Hope is really all the ECB has.
  • The Wrath of Draghi: First German Bank Hits Savers with ‘Negative Interest Rates’

    11/01/2014 2:24:54 PM PDT · by aimhigh · 17 replies
    Wolf Street ^ | 10/30/2014 | Wolf Richter
    Deutsche Skatbank, a division of VR-Bank Altenburger Land, which was founded in 1859, is not the biggest bank in Germany, but it’s the first bank to confirm what German savers have been dreading for a while: the wrath of Draghi. Retail and business customers with over €500,000 on deposit as of November 1 will earn a “negative interest rate” of 0.25%. In less euphemistic terms, they have to pay 0.25% per annum to the bank for the privilege of handing the bank their hard-earned money or their business cash. Inflation has had a similar effect in the zero-interest-rate environment that...
  • European Central Bank: Trump tariff move 'dangerous'

    03/08/2018 6:41:29 PM PST · by Olog-hai · 15 replies
    Associated Press ^ | Mar 8, 2018 12:44 PM EST | David McHugh
    Europe’s top monetary official criticized U.S. President Donald Trump’s proposal to put tariffs on steel and aluminum imports as a “dangerous” unilateral move. Mario Draghi, the president of the European Central Bank, said that the “immediate spillover of the trade measures … is not going to be big.” But he said such disputes should be worked out among trade partners, not decided by measures initiated from one side. “Whatever convictions one has about trade … we are convinced that disputes should be discussed and resolved in a multilateral framework, that unilateral decisions are dangerous.” “There is a certain worry or...
  • Germany calls on ECB to unwind economic stimulus

    01/15/2017 9:39:20 AM PST · by Olog-hai · 2 replies
    TheLocal.de ^ | 14 January 2017 08:16 CET+01:00 | AFP
    The European Central Bank should begin winding down its expansive monetary policy in 2017 as inflation returns in the eurozone, German Finance Minister Wolfgang Schäuble said in an interview on Friday. “It would probably be right if the ECB starts daring to head for the exit this year,” Schäuble told the Sueddeutsche Zeitung newspaper — although he acknowledged it would be a “difficult task”. The ECB has fixed interest rates at record lows in the 19-nation single currency area, as well as offering cheap loans to banks and buying up tens of billions of euros per month of government and...
  • Euro ‘house of cards’ to collapse, warns ECB prophet

    10/18/2016 10:41:46 AM PDT · by Lorianne · 5 replies
    Against Crony Capitalism ^ | 17 October 2016
    The European Union is eroding from its periphery and it is collapsing in pieces even in Germany and France. It is highly fragile and if real recessionary winds blow the EU will start to crumble at a faster pace. We say the faster, the better. The bureaucrats are clinging to the dream, but the dream has morphed into something very different for many in Europe. We can’t say that we’re disappointed. From The Telegraph) “The Stability and Growth Pact has more or less failed. Market discipline is done away with by ECB interventions. So there is no fiscal control mechanism...
  • Stealth Bailout of 2 Franken-Banks Now Happening in Spain

    10/02/2016 7:39:51 PM PDT · by Lorianne · 2 replies
    Wolf Street ^ | October 1, 2016 | Don Quijones
    Obscured somewhat by the spectacular antics of Deutsche Bank, there appears to be another bailout of two of Spain’s franken-banks: mostly state-owned Bankia and wholly state-owned Banco Mare Nostrum (BMN). The news was released so quietly that even in Spain barely a living soul is aware it’s happening. For the moment, BMN is completely state-owned, after its four constituent state-owned parts — Caja Murcia, Caixa Penedès, Caja Granada y Sa Nostra — were rescued by Spain’s taxpayers and lumped together for the modest price of €1.6 billion in 2010. But by the end of this year all that was supposed...
  • It’s not just Deutsche. European banking is utterly broken

    10/02/2016 7:43:28 PM PDT · by Lorianne · 25 replies
    Telegraph (UK) ^ | 01 October 2016 | Jeremy Warner
    Today’s mayhem is not so much the result of reckless bankers and asleep at the wheel regulators, but rather of the public policy response to the last crisis itself – that is to say, regulatory over-reach and central bank money printing. All eyes are naturally focused on the specific problems of Deutsche Bank, but Deutsche is in truth no more than the canary in the coal mine. As Tidjane Thiam, chief executive of Credit Suisse, observed last week, as an entire sector, European banks are still “not really investable”. Much the same disease as afflicts Continental banks also applies to...
  • Germany's Merkel cannot afford to bail out Deutsche Bank: media

    10/02/2016 4:36:08 PM PDT · by Lorianne · 13 replies
    Reuters ^ | 02 October 2016 | Georgina Prodhan
    German Chancellor Angela Merkel cannot afford to bail out Deutsche Bank (DBKGn.DE) given the hard line Berlin has taken against state aid in other European nations and the risk of a political backlash at home, German media wrote on Saturday. The government denied a newspaper report on Wednesday that it was working on a rescue plan for Germany's biggest bank, as its shares went into a tailspin fueled by a demand for up to $14 billion from U.S. authorities for misselling mortgage-backed securities before the financial crisis. Germany, which has insisted Italy and others accept tough conditions in tackling their...
  • PANIC As Margin Calls Begin: Deutsche Bank Has Financial System On The Cusp Of Collapse

    09/29/2016 4:35:35 PM PDT · by The Bat Ladys Husband · 99 replies
    Silver doctors.com ^ | 09/29/2016 | The Bat Ladys Husband
    DB stock is now in a full panic sell-off as I write this. It just hit another new all-time NYSE low on by the heaviest volume ever in the stock since its 2001 NYSE listing. It’s currently down almost 10%. No doubt the Central Banks will try to bounce it.
  • Pressure is building for Germany to show it's ready to rescue Deutsche Bank

    09/29/2016 3:56:36 PM PDT · by SkyPilot · 38 replies
    CNBC ^ | 29 Sep 16 | Jef Cox
    German officials could be about to find themselves in an uncomfortable position: Being called on to show they're ready to rescue a bank in a part of the world where such operations are considered taboo. Deutsche Bank came under intensified market fire Thursday, the latest salvo being a Bloomberg report that a small number of hedge funds are trimming their sails at the German bank. In a broad perspective, the move would represent a minor dent in Deutsche's derivatives clearing business. Barry Bausano, chairman of Deutsche's hedge fund business, told CNBC on Thursday that while there have been some outflows,...
  • Dow sheds 200 points as bank stocks fall sharply ( Markets unhappy with Machado porn queen story)

    09/29/2016 11:08:59 AM PDT · by GilGil · 43 replies
    CNBC ^ | 9/29/2016 | Fred Imbert
    Full title: Dow sheds 200 points as bank stocks fall sharply; Deutsche Bank tumbles 8% U.S. stocks traded sharply lower on Thursday after banking stocks fell sharply. The three major indexes hit session lows shortly after Bloomberg reported that approximately 10 hedge funds were reducing their exposure to embattled European bank Deutsche Bank. Deutsche shares fell 8 percent in afternoon trade.