Greece Forms New Government
On Wednesday Greece managed to agree in principle to form a conservative coalition government, with three pro-bailout parties agreeing to cooperate and giving the coalition a majority of 179 seats.
BoE Could Pause QE
Adam Posen switched his vote on quantitative easing at the last meeting of the BOE Monetary Policy Committee, clearing the way for a possible pause in quantitative easing in May.
Bank of England Split on Stimulus
Monetary Policy Committee members Adam Posen and David Miles came down in favor of boosting stimulus, while the other seven members opted for a wait-and-see stance.
Larger Bank of England Stimulus Was Overridden
Two of the nine members of the Bank of England’s Monetary Policy Committee were outvoted at the committees last meeting when they sought to boost its stimulus to 75 billion pounds ($118 billion). The majority was concerned that such a move would cause alarm over the state of the economy...