FILE PHOTO: European Central Bank President Mario Draghi speaks at a news conference on the outcome of the meeting of the Governing Council, in Frankfurt, Germany, September 12, 2019. REUTERS/Ralph Orlowski
ATHENS - The European Central Bank’s President called on Tuesday for euro-area-wide fiscal stimulus aimed at boosting investment, saying the latest steps in this direction are insufficient. “The most effective response, however, would be an investment-led stimulus at the euro area level,” Mario Draghi said in Athens.
“The agreement on the Budgetary Instrument for Convergence and Competitiveness is a step in the right direction, but it does not yet meet the necessary criteria in terms of size or design.”Our Standards:
Pretext : Stilumus Real reason : Kicking the debt-apocalypse-can down the road
It need to be euro zone-wide because if Germany invests more in its infrastructure there will hardly be an extra penny spent in Italy ...
He means ‘monetary financing’ which is currently illegal because he knows QE as a policy is dead unless German issue trillions of Euros of new Bunds to restart the current program under the capital key What is incredible is the market appears not to realise this
Think about europe recession..
Hello_world There_are_people_Making Revolution_now_in_iraq ! Show_your_support_for_the right_of_Iraq_people_to protest_peacefully Save_the_Iraqi_people HELP_Iraq saveIraqipeople
Let’s get uk out ASAP, so we can take back control of the levers and steer away from it.
In other words a recession in Europe is inevitable. With all this burn down of interest rates there and in the United States what will it look like when the tools used to climb out of it have already been exhausted?
EU gonna go broke really quick