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The non-taper taper: Europe’s central bank extends its quantitative-easing programme

Main image:  MARIO DRAGHI has shown a remarkable ability to find a way out of tight spots since he became boss of the European Central Bank (ECB) in 2011. Has he done so again? At its regular monetary-policy meeting, on December 8th, the ECB’s governing council decided to extend its programme of quantitative easing, or QE, by a further nine months to December 2017. It also said it would reduce the monthly pace of bond-buying from €80bn to €60bn from April. But the ECB has given itself the option of stepping up the pac read more

foreign-relations


eu-commission


Populism: On the dangers of comparing every political event to Donald Trump

Main image:  A PATTERN is emerging in political journalism. Whenever something can be construed as a rejection of the establishment, or a win for authoritarianism, or a triumph for swaggering, braces-twanging bombast—or some other shift the writer does not like—the subject is ascribed to a global Trump-ite revolution. Often this comes without nuance.Take this week. On Monday responses to the election of a statist, pro-death-penalty MEP as UKIP leader obeyed the trend. “Paul Nuttall: Poundshop Trump” ran one much-sha read more



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