Presidential guards parade before newly appointed ministers and deputy ministers at a swearing in ceremony outside the presidential palace in Athens on January 27th, 2015. Photograph: Marko Djurica/Reuters

Sometimes the right thing to do is the wise thing. That is the case now for Greece. Done correctly, debt reduction would benefit Greece and the rest o(...)

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

These are exciting times in European central banking. Last Thursday the Swiss National Bank suddenly terminated its successful peg to the euro. This w(...)

European Central Bank (ECB) president Mario Draghi is expected to hold off on cutting interest rates. Photograph: Francois Lenoir/Reuters

The European Central Bank decided not to take any action at its meeting today because economic and monetary conditions h(...)

European Central Bank president Mario Draghi: “Structural reforms have been undertaken and financial stability risks have consistently, continuously and significantly been reduced in Ireland.” Photograph: Andrew Harrer/Bloomberg

European Central Bank president Mario Draghi praised Ireland’s efforts to repair its public finances and banking sector saying that the country has im(...)