Monetarists Accuse ECB of "Dangerous Game of Chicken"; The REAL Dangerous Game
MishTalk
FEBRUARY 6, 2014
At a press conference to explain the ECB''s latest decision, Mr Draghi said: "There is going to be a low level of inflation for a protracted period of time, but deflation? The ECB balance sheet has plummeted to 23pc of eurozone GDP from a peak of 32pc in July 2012. Retail sales did not decline because of passive tightening.
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