The European Central Bank on Thursday cut interest rates for the second straight month and unveiled a new strategy to pump money into cash-strapped banks, in new efforts to bolster the ailing economy and financial system on the continent.Read the rest here.
As European heads of state gathered in Brussels for a potentially fateful series of meetings meant to develop a new path forward for integrating the nations’ fiscal policies, the central bank for the 17 nation euro zone was meeting in Frankfurt, Germany, offering its own response to the deepening crisis.
is the blog of an Orthodox Christian and is published under the spiritual patronage of St. John of San Francisco. Topics likely to be discussed include matters relating to Orthodoxy as well as other religious confessions, politics, economics, social issues, current events or anything else which interests me. © 2006-2024
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