The SNB has embraced the risk of deflation from which the ECB wishes to escape. Photograph: Reuters

An ECB stimulus must happen despite Berlin fears – the euro zone economy is at stake

Political leaders walking in solidarity after the attacks in  Paris. Photograph: EPA

Martin Wolf: Fanatic a familiar character in history

“The only function of economic forecasting is to make astrology look respectable,” – John Kenneth Galbraith

Martin Wolf: If the European Central Bank pulled out all the stops, the rise in confidence might surprise

Many believe dysfunctional behaviour in finance is due solely to distorted incentives

German Bundesbank president Jens Weidmann: argued “it is fanciful to believe that monetary policy tools can sustainably lift the growth potential of an economy”. Photograph: Krisztian Bocsi/Bloomberg

Opinion: Germany must think big and broaden its outlook

The decline in oil prices should be helpful to the world economy, albeit with caveats. Photograph: Getty/iStockphoto

The decline in the value of cude should help the world’s economy . . . to an extent

Shibuya Crossing in Tokyo. Demand deficiency syndrome has afflicted Japan since the early 1990s and the US, euro zone and UK since 2008 at the latest. Photograph: Getty Images/Flickr RM

Opinion: policymakers need to eliminate dependence on unsustainable credit

A man walks past a restaurant in the Dotonbori amusement district of Osaka,  Japan, yesterday. The difficulties caused by fiscal austerity have become particularly evident in Japan and the euro zone. Photograph: Reuters

Feeble economic performance has occurred despite the most aggressive monetary policies in history

‘Atmospheric concentrations of greenhouse gases are at levels not seen in at least 800,000 years. In addition, human-caused emissions of such gases have risen consistently.’ Photograph: Getty Images/iStockphoto

Opinion: Republican wins in US midterms have implications for humanity

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