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ECB Wants a Weaker Euro: Outlook- September 7, 2014

ECB Wants a Weaker Euro: Outlook- September 7, 2014

6 Years ago | September 07, 2014 00:00:00


ECB finally acts on Deflation?
ECB President Mario Draghi finally has had enough. Last week he shocked the markets by finally taking strong action to combat falling prices in the Eurozone. The ECB concern is a Japan-style deflation in the area if nothing is done to promote growth. The Eurozone is not simply Germany and policies suitable for a mature low-growth economy such as Germany may not be suitable for other countries who require faster economic growth to promote employment. If Germany does not like this, then they should never have joined the common currency area in the first place.

The ECB sent a signal to the markets by cutting interest rates again and taking steps to add additional liquidity to the sy

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