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Jens Weidmann, president of Deutsche Bundesbank, during a TV interview on Mar. 13, 2012

Photograph by Hannelore Foerster/Bloomberg

Jens Weidmann, president of Deutsche Bundesbank, during a TV interview on Mar. 13, 2012

The ECB’s Difficult Crisis Exit

The European Central Bank’s unlimited cheap bank loans have eased market tensions, particularly–in the words of ECB President Mario Draghi–by removing the “tail risk” of a banking crisis provoked by the euro debt situation. But the gusher of loans has...

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Lorenzo Bini Smaghi in Milan, Italy, on Mar. 8, 2012

Photograph by Alessia Pierdomenico/Bloomberg

Lorenzo Bini Smaghi in Milan, Italy, on Mar. 8, 2012

Bini Smaghi: We Should Not Be Complacent

The European Central Bank’s jobs keeps getting harder. Today it raised its 2012 inflation forecast and said growth could be worse than it had anticipated. Prior to the ECB’s rate announcement, I had the chance to interview former ECB executive...

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Pedro Passos Coelho, Portugal's prime minister, speaks in Lisbon, Portugal, on March 5, 2012

Photograph by Mario Proenca/Bloomberg

Pedro Passos Coelho, Portugal's prime minister, speaks in Lisbon, Portugal, on March 5, 2012

ECB Largesse Bypassing Portugal

(Updated to add interview with Banco BPI CEO Fernando Ulrich.) Portuguese bond yields are rising as investors are busy putting cheap money from the European Central Bank to work elsewhere. That’s a problem for Portugal’s Prime Minister Pedro Passos Coelho,...

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Italian Prime Minister Mario Monti speaks with Bloomberg's David Tweed on Feb. 29

Photograph by Alessia Pierdomenico/Bloomberg

Italian Prime Minister Mario Monti speaks with Bloomberg's David Tweed on Feb. 29

Monti Expects Euro Debt Firewall Deal

Italy’s Prime Minister Mario Monti directed his not inconsiderable influence to German Chancellor Angela Merkel on Feb. 29, saying that despite her reluctance to discuss boosting Europe’s rescue fund right now, he still expects to have an agreement to beef...

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