World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Group
The views of Axel Weber, former head of the Bundesbank, on the ECB's role and the need to address the underlying problems in Greece
04/19/2010
Axel Weber says the European Central Bank should stick to its mandate of setting monetary policy and not get too involved in the crisis in Greece. He says Greece's problems are structural and may take a long time to resolve, as much as 30 years. The European leaders have to decide on solving the underlying problems so that they cut the losses and restart, by offering debt guarantees and using partial creditor haircuts. Simply giving additional loans -which can never be repaid considering the debt of 350 billion euros ($496 billion)- or addding short term liquidity for a 3-5 year solution as European leaders have done so far, won't work.
Grouped Articles
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06.07.2013
German Court to Weigh Bond Buying by E.C.B.
New York Times 06.10.2013
Weber Sees Greece Needing More Aid
Wall Street Journal 04.19.2010
The 'Silent Austerity' in Banking
Wall Street Journal 01.21.2014
Not Quite Checkmate for the Bundesbank
Wall Street Journal 12.22.2014
Germany's Weber Slams Rescue Efforts
Wall Street Journal 06.27.2011
Ex-German Central Banker's Unconventional Career Path
Wall Street Journal 06.27.2011
Wall Street Journal 07.02.2011
Plan for Greece Favors Creditors
New York Times 07.25.2011
Trichet, Euro Builder, Ending His Career on a Bitter Note
New York Times 08.05.2011
Wall Street Journal 09.10.2011
Germany Nominates Asmussen to Succeed Stark at ECB
Wall Street Journal 09.10.2011
Asmussen Nominated to European Central Bank Post
New York Times 09.10.2011
Wall Street Journal 09.28.2011
Wall Street Journal 09.30.2011
European Leaders Seek Bold Debt Deal, Despite Hurdles
New York Times 10.21.2011
Wall Street Journal 11.04.2011
Plan to Leave Euro for Drachma Gains Support in Greece
New York Times 11.01.2011
Merkel Party Seeks Euro Exit Policy
Wall Street Journal 11.15.2011
Crisis Ensnares Central Bank in Desperate Bid to Save Euro
Wall Street Journal 11.18.2011
European Central Bank Resists Calls to Act in Debt Crisis
New York Times 11.17.2011
European Bank Chief Pushes Back
Wall Street Journal 11.19.2011
Wall Street Journal 12.02.2011
Wall Street Journal 12.09.2011
BusinessWeek 12.14.2011
Dithering at the Top Turned EU Crisis to Global Threat
Wall Street Journal 12.29.2011
Deepening Crisis Over Euro Pits Leader Against Leader
Wall Street Journal 12.30.2011
Austerity Debate a Matter of Degree
Wall Street Journal 02.17.2012
Flood of Loans Reflects Rising Risk at ECB
Wall Street Journal 03.07.2012
Debt Crisis Provisions Hurt Bundesbank Profit
New York Times 03.13.2012
Germany, France Back Pledge to Save Euro
Wall Street Journal 07.28.2012
Bundesbank Stresses Divide on Bond Buying
Wall Street Journal 08.02.2012
Europe's Bank Rattles Investors
Wall Street Journal 08.03.2012
Hollande Says Greece Must Stay in Euro Zone
Wall Street Journal 08.25.2012
A New Generation Tackles the Euro Crisis
Wall Street Journal 01.12.2012
Merkel Backs Bond-Buying Program
Wall Street Journal 09.18.2012
E.C.B. Sees a Healing Euro Zone but Warns of Risks
New York Times 12.14.2012
Stephens: The Conscience of a Radical
Wall Street Journal 01.28.2013
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us
