Wall Street Journal (April 21)
“For Europe to grow faster, the political class will eventually have to stop looking to the ECB as the growth engine of first and last resort.” On Thursday, Mario Draghi, the president of the European Central Bank, was unusually blunt in his criticism of other European politicians because they “have used the relief of low interest rates as an excuse not to do reforms.”
Tags: Blunt, Criticism, Draghi, ECB, Europe, Excuse, Growth engine, Interest rates, Politicians, Reforms
Euromoney (February Issue)
Asia “is seen as the growth engine for private banks, but it is not without its trials.” As regulation increases, costs rise and competition heats up, industry “consolidation among private banks in the region is inevitable.”
Tags: Asia, Banks, Competition, Consolidation, Costs, Growth engine, Industry, Private banks, Regulation
Wall Street Journal (July 29)
“Abenomics represents the best—and possibly the last—chance for Japan to avert a debt crisis that could set back the global recovery once more.” Around the world, everybody should hope for the success of Abenomics. If it does, “then the world’s third-biggest economy could re-emerge as a major engine of growth at a time when Europe is stagnant and China is slowing. If it fails, then Japan’s Mount Fuji of government debt could come tumbling down, sending shock waves through the global economy.”
Tags: Abenomics, China, Debt crisis, Economy, Europe, Global recovery, Growth engine, Japan, Slowing
