Quantitative Easing for dummies

by Isabel Mateo

Lately, we have been hearing a lot about quantitative easing (QE) in the media. However, as this is a rather specialized topic, most people, even some economic press readers, do not have a clear notion of what QE is. That is why my friend Grega invited me to write this post for his blog. He said he needed someone to explain QE for dummies. Thus, I did not have to worry about a title anymore!

Source: (c) economist.com
Source: (c) economist.com

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GR-ENTRY: a new political phase after the Greek elections

by Christos Aivaliotis

GREXIT. That was the boogie man for the last years. Greece willingly or by force leaving the Eurozone. Consequences for Portugal, Ireland, Spain (rest of the PIGS), or even Italy or France. Endangering the very existence of the common currency. Personally I never believed it can happen. Not because of blind faith to the competence of ruling political class of Greece to face the challenges of the financial crisis. Neither because I believed other European elites would do anything to protect one of the weakest members of the European family. It was purely because I have spent most of my adult years studying the EU. With such a complex political and legal system, it is unimaginable that such a dangerous decision for the EU itself would be rushed when so many other positive steps had to wait years of treaty reforms, parliamentary votes, national vetoes and referenda. (If it was that easy, I am afraid our friends across the Channel would have left us long ago).

Photo: ŠM
Photo: ŠM

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Zakaj države še sploh hočejo Evro: Primer Litve 1.1.2015

Motiv na litvanskih evrskih kovancih. © Bank of Lithuania, 2014
Motiv na litvanskih evrskih kovancih.
© Bank of Lithuania, 2014

V času, ko je vrednost Evra dosegla zgodovinsko nizko raven zadnjih devetih let, je Evroobmočje sprejelo novo članico – Litvo. Ta Baltska državica se je določila sprejeti skupno valuto kljub ponovno vroči debati o grškem izstopu iz Evroobmočja in skrhanih odnosov z Rusijo, njeno največjo sosedo in nekdanjo vladarico. Morda so jih prepričale napovedi nacionalne centralne banke, da bo prevzem Evra na dolgi rok BDP države povečal za okoli 1,3%.

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Why Member States still want to join the Euro: The Case of Lithuania 1.1.2105

National motive on Lithuanian Euro coins. © Bank of Lithuania, 2014
National motive on Lithuanian Euro coins.
© Bank of Lithuania, 2014

At a time when the value of the euro reached a historical low of the last nine years, the Eurozone adopted a new member – Lithuania. The Baltic state is set to adopt the common currency in spite of the rresurgenceof the Grexit debate and blunt relations with Russia, its largest neighbor and former ruler. Perhaps Lithuanian citizens were convinced by the forecast of their national central bank, stating that in the long run the adoption of the Euro will contribute to a 1,3% growth of the country’ GDP.

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