Greece needs to be aware that structural reforms take time Needs to clean it’s economic legislation and set the economy free Greece has huge support from EU members.
Euro zone growth risks are substantially on downside, inflation risks have changed Must continue to monitor all developments very closely Recapitalising banks most effective tool to restore confidence, primarily shareholders’ task Sovereign debt crisis not just individual countries’ problem, but … Continue reading
Outgoing ECB chief economist Stark says the ongoing bailouts of euro zone countries does not solve problems per se. It is just mean to buy time. The question is, buy time until what? EUR/USD is trading fairly quietly at 1.3780. … Continue reading
And that is why he and other Bundesbank members have been so opposed to bond buying from the ECB. Monetary policy is in the ECB’s realm. Fiscal policy is a matter for governments and never the twain shall meet, Stark … Continue reading