News
Market Watch | U.S. more austere than U.K., Europe: Rosengren
The cuts in government spending in the U.S. have been larger in percentage terms than in the U.K. or the euro area, where fiscal austerity has received more attention, Boston Fed President Eric Rosengren told an audience in Milan.
Econ Comments & Analysis
CRS | Reaching the Debt Limit: Background and Potential Effects on Government Operations
Treasury has yet to face a situation in which it was unable to pay its obligations as a result of reaching the debt limit. In the past, the debt limit has always been raised before the debt reached the limit.
Blogs
Economist | The need for a targeted lending scheme in the euro area
The Free Exchange column makes a strong case in support of view that there is something wrong with provision of credit to small and medium enterprises (SMEs) in the euro area. I agree. However I would go further than suggesting that lending support targeted at the SME sector, as the UK’s funding for lending scheme (FLS) does, is something the ECB could consider; I believe such targeted lending is something that the ECB must adopt, and sooner rather than later.
