EuroZone economy looks really weak–retail sales dropped 2.7% in December

EuroZone economy is leading global slowdown

The 19-country EuroZone economy could expand by just 1% in 2019 with industrial production falling at the fastest rate since the global financial crisis. This time it's the core economies of Germany and France, which together make up about half of the EuroZone...
European Central Bank decides to split the difference on ending bond purchases

European Central Bank decides to split the difference on ending bond purchases

At its meeting today the European Central Bank decided to buy fewer bonds each month but for more months. Monthly purchases will be cut to 30 billion euros ($35 billion) from 60 billion euros beginning in January. But the bank will extend its bond purchases until September. Some observers had through the central bank would end purchases in January or March.

Can the EuroZone kick its debt problem down the road again? To where?

Can the EuroZone kick its debt problem down the road again? To where?

We’ve now got very clear evidence that the bailouts plus austerity solutions haven’t worked in Greece. Since the summer of 2012 Greek government debt has climbed to 183% of GDP from 159%. The economic austerity program imposed on Greece as the price for the bailout has caused the economy to contract. Rather than growing its way out of the debt crisis, the Greek economy has shrunk its way deeper into the hole.