Dragui leaves monetary policy unchanged; calls on Euro zone countries to unleash fiscal stimulus

Friday, September 9th 2016 - 11:12 UTC

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The European Central Bank made no changes to its current monetary policy on Thursday, leaving interest rates unaltered and taking no decision on whether to further stimulate the Euro-zone economy. The ECB’s governing council left the main refinancing rate at zero percent and the deposit rate at -0.4%, as expected. Read full article

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Marti Llazo
Compare borrowing rates in the EU to those here in Argenzuela:

A typical loan here for upgrading your permanent residence for a 60 month loan period, has a basic rate of about 46 percent, but the annualised rate is over 57 percent. Mull that over for a moment.
Sep 09th, 2016 - 02:04 pm - Link - Report abuse 0
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Bisley
There's been enough “stimulus” in the last several decades that anyone paying attention must know that the only things being stimulated are the power of governments and the profit of the financial industry (at the expense of everyone else). These so-called economic wizards are liars and fools. The real solution to economic growth is the reverse of what they recommend -- but that would mean reducing their powers and profits, and relinquishing some of their control over our lives, businesses and property. They would rather see everything go to hell -- as long as they remain in charge.
Sep 10th, 2016 - 06:55 pm - Link - Report abuse 0
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