1

http://news.in.gr/economy/article/?aid=1231379536

https://www.ecb.europa.eu/press/pressconf/2015/html/is150122.en.html

https://www.ecb.europa.eu/press/pr/date/2015/html/pr150122_1.en.html)

http://news.in.gr/economy/article/?aid=1231379536https://www.ecb.europa.eu/press/pressconf/2015/html/is150122.en.htmlhttps://www.ecb.europa.eu/press/pr/date/2015/html/pr150122_1.en.html

2

FED,

FED

FED

FED

FED

http://4.bp.blogspot.com/-FL7aVUQEra0/UE5EvbkFw9I/AAAAAAAAAEg/6Ek6uCALP3M/s1600/Untitled+10.png

3

,

1,19 , Federal Reserve

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/08/were-an-increasingly-cashless-society-so-why-is-there-

more-cash-than-ever/

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/04/20130409_5001.jpg

4

FED

(tapering).

(

http://www.ecb.europa.eu/euro/banknotes/circulation/html/index.en.html

5

5

Balance sheet FED and ECB (2004-2014)

http://www.voxeu.org/article/quantitative-easing-eurozone-its-possible-without-fiscal-

transfers

6

6

http://www.forexpromos.com/wp-content/uploads/2012/02/ltro-ecb-lending.png

7

http://ieconomics.com/euro-area-money-supply-m1

7

8

9

S&P

http://cdn.static-economist.com/sites/default/files/imagecache/full-

width/images/2012/11/articles/main/20121103_inc383.png

8

http://www.pimco.com/en/insights/pages/is-the-fed-driving-or-along-for-the-ride.aspx

10

ECB deposits

http://www.transform-network.net/en/blog/blog-2014/news/detail/Blog/europe-a-

continent-between-stagnation-and-a-geopolitical-turning-point-1.html

9

(https://www.bis.org/publ/rpfx13fx.pdf)

2010

-

http://www.bis.org/publ/rpfx13fx.pdf

-

10

http://www.federalreserve.gov/releases/z1/current/z1.pdf

http://www.census.gov/prod/2013pubs/acsbr12-02.pdf

http://www.federalreserve.gov/releases/z1/current/z1.pdf

11

new deal

16

12

15

http://www2.warwick.ac.uk/fac/soc/economics/research/centres/cage/events/conferences/lessons/papers/us_moneta

ry_and_fiscal_policy_fishback.pdf

FED

http://mdbriefing.com/euro-usd.png

13

17

http://www.irle.berkeley.edu/workingpapers/220-10.pdf

,

.

,

, . ,

1933-1939

,

The Living New Deal: The Unsung Benefits of the New Deal for the United

States and California Richard A. Walker and Gray Brechin

(http://www.irle.berkeley.edu/workingpapers/220-10.pdf)

http://www.irle.berkeley.edu/workingpapers/220-10.pdfhttp://www.irle.berkeley.edu/workingpapers/220-10.pdf

14

1

http://www.irle.berkeley.edu/workingpapers/220-10.pdf

18

http://www.irle.berkeley.edu/workingpapers/220-10.pdf

15

19

http://www.irle.berkeley.edu/workingpapers/220-10.pdf

20

http://www.foreconomicjustice.org/2510/private-sector-doing-fine-romney-pounces-

on-obama-remark-2

http://www.irle.berkeley.edu/workingpapers/220-10.pdf

16

- -2014.

21

http://www2.warwick.ac.uk/fac/soc/economics/research/centres/cage/events/confere

nces/lessons/papers/us_monetary_and_fiscal_policy_fishback.pdf

http://globaleconomicanalysis.blogspot.gr/2013/09/m1-money-supply-vs-real-

gdp.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysis+

%28Mish%27s+Global+Economic+Trend+Analysis%29

17

5.

18

http://eparistera.blogspot.gr/

http://eparistera.blogspot.gr/