Weidmann says fall in oil price is like a mini stimulus plan
- Low inflation rate boosts purchasing power
While the fall in energy prices is a good economic booster, the risk is that it gives eurozone leaders an excuse to carry on ignoring the real problems.
Reader AlexIE had the right of it earlier today when he said that France and Italy blamed the higher currency for their woes and now it’s 1500 pips lower. France blamed the rising unemployment on the euro and since the euro’s fall it’s carried on going up. Just see last nights French jobseekers numbers