President of the European Central Bank, Mario Draghi

ECB cuts deposit rate and announces return of QE (RTÉ)

Monetary policy decisions (European Central Bank)


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15 thoughts on “Sure Why Not?

    1. Rob_G

      Too much risk in the lending market to do so – that’s what all this ‘NO EVICTIONS!’ business leads to in the end: 1% higher interest rates than all of our neighbours.

    1. dhaughton99

      Thats why Trump wanted to buy Greenland because the Danish banking system is on the verge of collapse and the whole EU game of cards is about to come crashing down.

    1. V

      Now I wouldn’t go that far Baz

      But, since the likes of us here subject to Irish Banks like,
      aren’t going to be seeing a bit of that reduction or ease to establish a viable long-term forever family home investment

      Any money floating around in pockets is going to be spent on throwaways
      like cars, holidays, socialising, events and other flappery and not on anything tangible or sustainable

      1. KM

        Germany and Italy were in technical recession. A keynesian QE for the people would mean
        A) they can pay off debt
        B) spend.
        Spending on throwaways is still money in the economy. I suspect the majority would use it for debt or household bills but again it’s money being spent in the economy, securing employment through demand, paying off some of the debt mill stone.
        The financial sector will continue slacking as long as the ECB continues mortgaging the future, Germany will continue to shrink while the Periphery struggle.
        Neoliberalism has failed as a governing ideology.

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