Bureau Chief for Germany, Austria, Switzerland
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Jan 24, 2015

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland, Jan 24 (Reuters) – Central banks have
done their best to rescue the world economy by printing money
and politicians must now act fast to enact structural reforms
and pro-investment policies to boost growth, central bankers
said on Saturday.

Two days after the European Central Bank launched a bold
bond-buying drive to revive inflation in the euro zone, a top
ECB official warned that Europe’s common currency project could
come unstuck if the bloc limped on with sluggish growth and mass
unemployment.

Jan 24, 2015
Jan 24, 2015
Jan 22, 2015

Merkel warns Europe not to stray from reform path after ECB move

DAVOS, Switzerland, Jan 22 (Reuters) – German Chancellor
Angela Merkel warned fellow European leaders on Thursday not to
ease off on economic reforms after the European Central Bank
announced bold new moves to bolster growth in the euro area.

Speaking to a large audience at the World Economic Forum in
Davos, Switzerland, just as ECB President Mario Draghi was
unveiling a hotly anticipated bond-buying programme, Merkel said
she understood why the recent debate over ECB policy had been
controversial given vast amounts of liquidity already sloshing
around in global markets.

Jan 22, 2015
Jan 22, 2015
Jan 22, 2015

Fixing FX rate for CHF mortgages may be “disastrous”: Polish finmin

DAVOS, Jan 22 (Reuters) – Aiding Swiss franc-denominated
mortgage holders by fixing their exchange rate at, for example,
December’s level could be disastrous for the homeowners,
Poland’s Finance Minister Mateusz Szczurek said on Thursday.

The Polish Banks’ Association head said earlier this week
some banks were working on a proposal to freeze Swiss
franc-denominated mortgage installments at the franc’s December
rate, in a reaction to a 20-percent Swiss franc surge against
the zloty since Switzerland abandoned its currency cap.

Jan 21, 2015

A message from Davos: Quantitative easing alone won’t solve Europe’s ills

DAVOS, Switzerland (Reuters) – Financial markets have been obsessing for months about the timing, size and structure of a European Central Bank bond-buying program that seems likely to be unveiled on Thursday.

But business leaders, policymakers and celebrity academics gathered at the World Economic Forum in Davos had a message for all the “quantitative easing” (QE) enthusiasts: don’t count on the ECB to resolve Europe’s economic woes.

Jan 21, 2015

A message from Davos: QE alone won’t solve Europe’s ills

DAVOS, Switzerland (Reuters) – Financial markets have been obsessing for months about the timing, size and structure of a European Central Bank bond-buying programme that seems likely to be unveiled on Thursday.

But business leaders, policymakers and celebrity academics gathered at the World Economic Forum in Davos had a message for all the “quantitative easing” (QE) enthusiasts: don’t count on the ECB to resolve Europe’s economic woes.

Jan 21, 2015

Canadian minister says will reach balanced budget without spending cuts

DAVOS, Switzerland (Reuters) – The Canadian government will achieve its goal of a balanced budget in the coming fiscal year without resorting to spending cuts, Finance Minister Joe Oliver told Reuters on Wednesday, hours after a surprise interest rate cut from the central bank.

Citing a weaker oil price, the Bank of Canada put an end to the longest period of unchanged rates since 1950, cutting its overnight rate to 0.75 percent from 1 percent. It also slashed its inflation and growth forecasts for the coming year.

    • About Noah

      "I run the Reuters news operations for Germany, Austria and Switzerland based in Berlin, and write regularly about German politics and European economic issues. I've reported from over 20 countries for Reuters since joining in the mid-1990s, including stints in Paris, London and New York."
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