Draghi pledges monetary stimuli to revive the economy and avoid deflation

Friday, July 4th 2014 - 06:50 UTC

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European Central Bank president Mario Draghi reiterated on Thursday that he'll keep interest rates low as officials try to revive the region's economy with a new round of emergency measures. Read full article

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ChrisR
“If people and firms began deferring spending plans on the basis that they expected prices to fall, an economic downward spiral of the sort suffered by Japan could take hold. The ECB says its sees no sign of that.”

It couldn’t find it’s backside if it were sitting on it.

“The ECB left the main refinancing rate at a record low of 0.15%, and the deposit rate stayed at minus 0.1%.”

So citizens are still going to LOSE money by leaving it in the bank: great?

And they want the UK to stay in the EU or they won’t be able to finance this cock-up and Camoron agrees.
Jul 04th, 2014 - 08:11 pm - Link - Report abuse 0
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Conqueror
Let's be clear. Draghi is a banker. His “qualifications” as an economist are forty years old. Any changes in “economics” in the last forty years? Just as a matter of interest (sorry), the U.K. and the U.S. are growing. The Eurozone is declining, again. Where will Draghi get the money for these “loans”? Magic? Doesn't exist. Germany? Germany is stagnating and resting on its laurels. Where in the EU is there are strong and growing economy? That would be the UK. Method? There's a shortfall in the EU budget and we need more money. From the UK. Grab the money, never to be repaid, and hold the UK back at the same time.

The EU must think the British people are dumb. Some are. Most aren't. But here's the really good bit. When enough of the British people have figured it all out, the UK will go to war! Take a look at the First French/Napoleonic Empire. http://en.wikipedia.org/wiki/Napoleonic_Empire Beat that.
Then there was the WW1 German Empire. http://en.wikipedia.org/wiki/Napoleonic_Empire Beat that.
Then there was Germany's Third Nazi Reich. http://en.wikipedia.org/wiki/Napoleonic_Empire Beat that.

Will the next opponent be the European Empire? http://en.wikipedia.org/wiki/Napoleonic_Empire

Not really a problem. We've beaten Europeans before. We've beaten the world before. Don't overrate the contributions of the Americans and Russians in WW2. When the Russians joined in, it was only after they'd stolen most of what they wanted and had been attacked by their nazi allies. When the Americans got off their butts, we'd already started beating the nazis. All we said was “Give us the tools”. Nobody said they should come over to make sixty years' worth of movies. “The Longest Day” was quite a good movie. There were Brits in it! And how long did the yanks take to get off one of their two beaches? The Brits/Canadians had THREE beaches. The yanks had equipment. The Russians had western equipment. The Brits and Canadians had MEN. ”We will fight....We will never surrender!
Jul 06th, 2014 - 03:11 pm - Link - Report abuse 0
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