,
3 tweets,
2 min read
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Interesting for a couple reasons:
1) @VMRConstancio cogently makes the case for why Germany not the ECB is responsible for negative rates.
2) Spiegel usually has fairly combative interviews, regardless the subject. But this seems almost sympathetic.
dlvr.it/RBpCLB
1) @VMRConstancio cogently makes the case for why Germany not the ECB is responsible for negative rates.
2) Spiegel usually has fairly combative interviews, regardless the subject. But this seems almost sympathetic.
dlvr.it/RBpCLB
Interesting:
“Berlin must come to terms with an economic reality in which being overly proud of one's exports just won't cut it...
...time to turn away from the policy of a perfectly balanced budget.”
“Berlin must come to terms with an economic reality in which being overly proud of one's exports just won't cut it...
...time to turn away from the policy of a perfectly balanced budget.”
Draghi telling the core EZ governments if you don’t like our policy stop whining and spend some money. Otherwise stfu and enjoy open ended QE.
