Euro

25 Years Later: What The Euro Has Become

Authored by Philipp Bagus via The Mises Wire, Twenty-five years ago, on December 15, 1995, the fifteen heads of state and government of the then EU decided at a council meeting in Madrid to name the future common currency the “euro” and to introduce it from January 1, 1999, initially as a book currency at a…

Austrian Central Bank Unleashes Pro-Cash Attack On ECB's Digial Euro Agenda

The ECB’s “war on cash” has been raging for years. It began most directly in 2016 when The ECB made its decision to end production of €500 banknote. As we said at the time, not a bad way to launch a global ban on paper currency ahead of a global NIRP regime, and all, of…

ECB Boosts QE By €500BN, Euro Jumps On Lack Of Dovish Surprises

As previewed earlier, the ECB announced that in order to arrest Europe’s economic double dip, it will expand its PEPP (pandemic emergency purchase programme) QE by €500BN (as expected), will extend the duration of the PEPP through March 2022 (it was expected to end 2021); calibrates TLTRO further by adding three more operations in 2021…

Euro Surges To 18 Month High Amid Speculation ECB Is “Out Of Policy Tools”

While many have focused on the ongoing collapse of the dollar, a big reason for the persistent weakness in the greenback, which is now below the Nov 9 “Pfizer vaccine” level… … is the grind higher in the EURUSD which this morning hit 1.2168, the highest since April 2019, and a level well above the…