Monetarists Accuse ECB of "Dangerous Game of Chicken"; The REAL Dangerous Game
MishTalk
FEBRUARY 6, 2014
The eurozone is doing so by accident, letting market forces drain liquidity from the financial system for month after month. The ECB balance sheet has plummeted to 23pc of eurozone GDP from a peak of 32pc in July 2012. Retail sales fell 1.6pc in December, the biggest drop for two-and-a-half years.
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