Draghi says fiscal, structural policies must also do their part, in a speech in Naples ahead of tomorrow’s ECB meeting.
- Eurozone faces cyclical and structural challenges
- Key to sustainable recovery is higher investment
I hope this is the start of Draghi throwing the ball to politicians. I just don’t see the value in QE when German 10s are at 0.90% and Spain is at 2.06%.
Governments in Europe (and elsewhere) need to start taking some responsibility for growth, rather than asking the central bank to do the heavy lifting.