Clarifying the unremarkable shift in ECB deposits Why money is disappearing from the European Central Bank’s deposit facility, and why it doesn’t mean it’s being put to good use. Click here for the full storyMarshall Auerback: the pain in Spain Capital outflows are accelerating, and the VAT rise is good for more-or-less nothing. Click here for the full storyThe euro disaster is about more than just current account imbalances Unsurprisingly, there isn’t a simple explanation. Click here for the full storyNegative interest rates and the currency war Has a new front opened up? Click here for the full story
