- Says Europe needs closed coordination on budget policy
He’s hit a big nail on the head with his view of demand and that’s what Europe is suffering with most. It’s a very strange situation as you would have expected some spillover from the UK and US recovering.
Domestically the picture is dire and that is down to individual government policies not the ECB. As Moonman points out in the comments, taxes in France are strangling the French and there’s just no quick fix for that.
