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Difficulty in Setting the Appropriate European Interest Rates
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Difficulty in Setting the Appropriate European Interest Rates
The ECB has a laborious task in defining the appropriate level of interest rates for its monetary union as a whole. This requires taking into account various economic indicators at the level of the Euro-Area as a whole, but also at the level of individual countries.
The Collective Greed by Banks, Mortgage Brokers and Investors Combined to Cause the 2009 RecessionBanks, mortgage brokers and investors all engaged in Bad credit mortgage refinancing and financing causing the economy to come extremely close to severe destruction. Unusual and immediate actions had to be undertaken by the government to prevent the economy from suffering even more serious harm.