Magazine
Latest Issue

Time for Europe to print money

When the US stops its printing presses, the EU must start its own

By Vicky Pryce   209

In June, Ben Bernanke, Chairman of the US Federal Reserve, announced that he was considering “tapering” the Fed’s programme of quantitative easing. By this he meant that, as the US economy was showing signs of improvement, the central bank was no longer going to pump money into the domestic—and by extension the global—economy. World markets panicked.

We can learn two things from this. First, the US is still the main market to watch, especially now there are signs of a slowdown in China and other large emerging economies. When Bernanke sneezes, the rest of the world catches a  serious cold.…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with our newsletter, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect