ECB raises interest rates: why the rate hike is just a start

ECB raises interest rates: why the rate hike is just a start

For the first time in more than a decade, the ECB has hiked interest rates again. What are the consequences? Why is that not enough for some experts? And why is Italy putting the central bank in a dilemma? It is a milestone: After more than a decade of loose monetary policy, the European Central Bank (ECB) has…

El Salvador’s bursting bitcoin bubble

El Salvador’s bursting bitcoin bubble

A year after the introduction of Bitcoin as a means of payment, hardly anyone in El Salvador uses cryptocurrency. Instead, the country’s problems have worsened, and “startup president” Bukele is governing unpredictably. Mónica Díaz cannot remember the last time a customer paid with Bitcoin. In her electronics shop in San Salvador, she accepts the cryptocurrency –…