MercoPress. South Atlantic News Agency
Europe appeals to negative interest rates to stimulate the economy and inflation
The European Central Bank has introduced a raft of measures aimed at stimulating the Euro zone economy, including negative interest rates and cheap long-term loans to banks. It cut its deposit rate for banks from zero to -0.1%, to encourage banks to lend to businesses rather than hold on to money. The ECB also cut its benchmark interest rate to 0.15% from 0.25%. Read full article
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Disclaimer & comment rulesWhat a shame. The eurozone is dying. These “measures” are wonderful. Who pays for negative interest rates? Does the word “desperation” spring to mind? Meanwhile, the UK, that doesn't know what it is doing, has an improving economy, reducing unemployment, low inflation! And the EU demands measures that would lead to recession. What the UK needs to do is to get out of the EU. Then it could leave the EU and mercosur to have its cosy little agreement where the argie “economic model” can progress toward a REAL disaster. Then WE, in the Falklands and the UK, can sit “offshore” and laugh our socks off. Economic disaster, collapsed “industry”, poverty, starvation, malnutrition, death. Then WE can have what we want. Once we've enticed the “population” back out of their caves. And put them in “reservations”.
Jun 06th, 2014 - 11:01 am - Link - Report abuse 0Apparently Cameron aint to popular with some,
Jun 06th, 2014 - 11:46 am - Link - Report abuse 0they want a united states of Europe,
he wants something , anything, to conn us with..
On this D-Day and quoting the lamentable comments by Dragnet himself: “Are we finished? The answer is no. We aren't finished here. If need be, within our mandate, we aren't finished here.” he said.” I am mindful of the words of Churchill said regarding the defeat of Rommel at El Alamein:
Jun 06th, 2014 - 07:04 pm - Link - Report abuse 0“Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Henceforth Hitler's Nazis will meet equally well armed and perhaps better armed troops.”
If we replace “Hitler’s Nazis” with the “ECB's policymakers” and the troops are the Brits then perhaps Dragnet would want to reconsider his position.
Camoron will of course continue to lick the arses of these clowns, but that will end after the next GE.
The EU and Eurozone are not going anywhere.
Jun 07th, 2014 - 01:21 am - Link - Report abuse 0It takes crises to reform and adjust. Both these institutions are too new. Slowly but surely they will overcome these short term problems.
Does that mean the EU and Eurozone will look the same in the future? No!
I was once a believer in the UK staying in the EU but now concede that it would be better off outside. This won't be the economic catastrophe or nirvana that each side imagines. It actually won't change anything much. However it will allow the UK to chart a more dynamic and independence economic course.
And that will help the EU. Because it will give it the benchmark of a large European economy against which it can measure itself.
@3, 4. Amazingly, to a certain extent, I agree with both.
Jun 07th, 2014 - 04:51 pm - Link - Report abuse 0“Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Henceforth Hitler's Nazis will meet equally well armed and perhaps better armed troops.”
Also
“We shall go on to the end. We shall fight in France, we shall fight on the seas and oceans, we shall fight with growing confidence and growing strength in the air, we shall defend our island, whatever the cost may be. We shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender, and if, which I do not for a moment believe, this island or a large part of it were subjugated and starving, then our Empire beyond the seas, armed and guarded by the British Fleet, would carry on the struggle, until, in God's good time, the New World, with all its power and might, steps forth to the rescue and the liberation of the old.”
And
“We have our own dream and our own task. We are with Europe, but not of it. We are linked but not combined. We are interested and associated but not absorbed”.
England and Britain have always been trading nations. England had a trade “empire” long before the British Empires. Little scotchland has always been a failed also-ran.
Where is Britain's current trade focus? 27 failing economies. Where could it be? 27 failing economies and 178 others. With NO EU interference!
Of course, the EU will fail and fall apart as it subscribes to its fascist and socialist “policies”. But, the next time, England should just let Europe die. Let's call it “third time lucky”. There may, eventually, be a european “state”. Called, because we like history, the British Empire. We'll pick what we want. Russia can have the rest. Let it fight China. And there will be another British 'Golden Age'. The Belgians, French, Germans, Italians, Luxembourgers, Portuguese, spanish never understood how to do it!
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