Disinfo: ECB has an unspoken policy to keep the Euro weak against other currencies

Summary

Since the European debt crisis in the second half of 2012, the European Central Bank has adopted an unspoken policy of weakening the value of the euro against other currencies.

Disproof

There has been always a clear policy concerning the rates of the Euro. The European Central Bank introduced negative rates in June 2014, lowering its deposit rate to -0.1% to stimulate the economy.

To battle the global financial crisis triggered by the collapse of Lehman Brothers in 2008, many central banks cut interest rates near zero. A decade later, interest rates remain low in most countries due to subdued economic growth. With little room to cut rates further, some major central banks have resorted to unconventional policy measures, including a negative rate policy. The euro area, Switzerland, Denmark, Sweden and Japan have allowed rates to fall to slightly below zero.

The European Central Bank's mandate is to ensure price stability by aiming for an inflation rate of below but close to 2% over the medium term.

In September 2019, the ECB doubled down on its negative rate policy, an attempt to make banks lend more to kickstart the economy.

publication/media

  • Reported in: Issue 193
  • DATE OF PUBLICATION: 08/04/2020
  • Language/target audience: Arabic
  • Country: EU
  • Keywords: EU budget, euro, Europe

Disclaimer

Cases in the EUvsDisinfo database focus on messages in the international information space that are identified as providing a partial, distorted, or false depiction of reality and spread key pro-Kremlin messages. This does not necessarily imply, however, that a given outlet is linked to the Kremlin or editorially pro-Kremlin, or that it has intentionally sought to disinform. EUvsDisinfo publications do not represent an official EU position, as the information and opinions expressed are based on media reporting and analysis of the East Stratcom Task Force.

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COVID-19: Progressive Sweden sacrifices its old and improve its pension funds

The scientists are blowing the whistles, demanding any kind of actions to curb the epidemic, but the government is not reacting much. The experiment goes on, and people continue dying. Most of them already have health issues and some are old. It looks as if this most progressive state has decided to sacrifice its old, and at the same time improve its pension funds for the case of a “collective immunity”.

Disproof

An unfounded coronavirus conspiracy theory.

The Swedish Public Health Authority's highest priority is to protect the public. It has declared that an ‘extraordinary situation’ exists in Sweden.

NATO instructors prepare Ukraine’s military to become war criminals

NATO instructors prepare Ukraine’s military to become war criminals. Training events for the Ukrainian Armed Forces by instructors from Norway and Sweden contribute to the spread of lawlessness, violence and the continuation of hostilities in Donbas.

As a result of war crimes, prepared by NATO instructors while training Ukrainian security officials, 119 children died and 310 were injured in Donbas.

News Front publishes “a list” with personal data of individual military instructors from Sweden and Norway, who were directly involved in the training of war criminals in Ukraine.

Disproof

A recurring pro-Kremlin narrative about foreign military instructors in Ukraine. The claims of war crimes are false and not confirmed by OSCE SMM reports or any other reputable source. The "list" of Swedish and Norwegian instructors comes from a Telegram channel in the Russian language, that has about 9,000 followers.

Even before the outbreak of hostilities with Russia in 2014, Ukraine had looked to strengthen its ties with the NATO military alliance. While the alliance’s response to the conflict has been understandably cautious, there has also been significant progress in the relationship with Kyiv. Institutional cooperation has intensified, and a number of individual NATO member states have sent military missions to Ukraine to provide training and support for the country’s transition towards NATO standards.

The US knew about the pandemic long before it began

The upcoming pandemic of a new strain of coronavirus in the United States was known long before it began. This is confirmed by the fact that on the packaging of the popular US detergent Lysol last year appeared the inscription “kills the human coronavirus”.

Disproof

This narrative is part of recurring disinformation on coronavirus.

Although American Lysol disinfectants do have a label that indicates they protect against the “human coronavirus,” this is not a specific reference to the new Covid-19 coronavirus, which appeared in China last December. The current virus is part of a large family of viruses that can cause respiratory diseases in animals or humans. According to various sources, several dozen types of coronaviruses have been recorded in the world. Seven of them are dangerous to humans and they have been known since the 1960s. That is why the labeling on cleaning products in no way proves that the United States allegedly “knew” about the Covid-19 pandemic.