Shame the same rhetoric isn’t used between governments
- Monetary policy is no substitute for structural reforms
- ECB policy alone not enough to reach inflation goal
- ECB moving towards more active balance sheet management
As Draghi finishes his testimony, he does so with yet another warning for EU nations. The ECB tool box is fully open and coming into use. If they don’t work then Europe is in a whole world of trouble (more than it is now).
