Confucius: the man who broke the mountain was the same man who started ...
-
Today Europe committed an historic policy mistake
It was going to be the big rescue day in Europe. All eyes were on the ECB and expectations had increased that something coordinated with the EU would be announced. ECB went alone and the market is shocked. ECB boosted QE, added liquidity tools, allowing banks to breach capital pillars and offered new long-term loans. No rate cut but that was meaningless anyway, but Lagarde said that rates could go lower if deemed necessary. But the main message on the press conference from the ECB President was that an ambitious and coordinated fiscal response was needed. Here lies the policy mistake from Europe. The COVID-19 is ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Mar 12, 2020 2:19pm Mar 12, 2020 2:19pm
- afevir
- Joined Feb 2019 | Status: Member | 1224 Comments
- Comment #2
- Quote
- Edited 2:50pm Mar 12, 2020 2:35pm | Edited 2:50pm
- RossEdwards
- Joined Jun 2019 | Status: Member | 3299 Comments
Warning: A Dangerous Subversive: 1% of comments CoCed
- Comment #3
- Quote
- Mar 12, 2020 2:54pm Mar 12, 2020 2:54pm
- Banditten
- Joined Sep 2019 | Status: Member | 1473 Comments
- Comment #4
- Quote
- Mar 12, 2020 8:05pm Mar 12, 2020 8:05pm
- Micc23
- | Joined May 2017 | Status: Member | 848 Comments
- Comment #5
- Quote
- Mar 13, 2020 1:52am Mar 13, 2020 1:52am
- Banditten
- Joined Sep 2019 | Status: Member | 1473 Comments