I fear you are far too optimistic with respect to how EU politicians will respond. the first thing we know is they will never be proactive, rather, when the problems you highlight manifest themselves more fully, they will do something else. I suspect that the ECB balance sheet will have much further to grow if economic activity there declines as you imply it might. and I think you are right, things are going to slow further.
I fear you are far too optimistic with respect to how EU politicians will respond. the first thing we know is they will never be proactive, rather, when the problems you highlight manifest themselves more fully, they will do something else. I suspect that the ECB balance sheet will have much further to grow if economic activity there declines as you imply it might. and I think you are right, things are going to slow further.
I fear so too, Andy 🙈
and it will be inflationary