ενοχές και πιέσεις

The Bundesbank Goes Wobbly - WSJ.com
The euro bounced around in the markets this week after two of the European Central Bank's most conservative policy makers said the bank might try negative deposit rates or some form of quantitative easing to fight deflation. ECB President Mario Draghi has made similar noises for months. Now that Bundesbank Chairman Jens Weidmann and Bank of Finland Governor Erkki Liikanen seem to be on board, it could happen at the April 3 policy meeting.
The ECB is under pressure to act from southern European countries still in recession, as well as the perpetual devaluationists at the International Monetary Fund. The euro zone's unemployment rate stands at 12%, and inflation fell all last year. The ECB cut its policy rate to 0.25% last November and so stands at the zero bound, the limit of conventional monetary policy's power to stimulate credit creation.

Τελικά δεν υπάρχει χρόνος...Άλλωστε το ενδιαφέρον επικεντρώνεται στα ανατολικά σημεία που μπορεί να αποδειχθούν τελικά και τα κρίσιμα σημεία για την εξέλιξη της ευρωζώνης. Η πίεση είναι αφόρητη και οι ένοχοι δεν είναι μόνο όσοι ευθύνονται για τον αποπληθωρισμό...