"Continental Europe’s economy has plenty of big underlying weaknesses, from poor demography to heavy debt and sclerotic labour markets. But it has also made enormous policy mistakes. France, Italy and Germany have all eschewed growth-enhancing structural reforms. The euro zone is particularly vulnerable to deflation because of Germany’s insistence on too much fiscal austerity and the ECB’s timidity. Even now, with economies contracting, Germany is still obsessed with deficit reduction for all governments, while its opposition to monetary easing has meant that the ECB, to the obvious despair of Mr Draghi, has done far less than other big central banks in terms of quantitative easing (notwithstanding this week’s move to start buying “covered bonds”)."
o reino triste de Merkel. do economist (que é reaccionário a toda a força), via uemeai que não é.
(seriam precisas três horas para instalar o photoshop?era melhor que não)
light gazing, ışığa bakmak
Saturday, October 25, 2014
tristes
Publicado por Ana V. às 10:57 AM
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment