The European Central Bank has announced new measures to fight surprisingly low inflation and sluggish economic growth throughout the Euro area. While these initiatives, made public last Thursday, will provide some relief, they are, regrettably, poorly designed to affect inflation and may have negative effects on growth as well. They are likely to fall short of accomplishing their goals.
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The ECB’s Misfire
The European Central Bank has announced new measures to fight surprisingly low inflation and sluggish economic growth throughout the Euro area. While these initiatives, made public last Thursday, will provide some relief, they are, regrettably, poorly designed to affect inflation and may have negative effects on growth as well. They are likely to fall short of accomplishing their goals.
READ FULL ARTICLE HERE