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Draghi makes no comments on negative rates but explains last week’s cut
ECB cut rates due to slowdown in the euro area core Governments must mitigate austerity impact on growth High-debt countries must maintain deficit rigor EU welfare model helped mitigate crisis (but is spurring huge debt crisis now…) High youth unemployment risks causing extreme, destructive protests ECB can’t subsidize governments through bond buys
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I Love Green Pips.
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