A contrarian view on Europe
Comment of the Day

April 01 2019

Commentary by Eoin Treacy

A contrarian view on Europe

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Eoin Treacy's view

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Here is a quote from the foreword by Mario Draghi in the ECB’s annual report: “Substantial monetary policy stimulus remains essential to ensure the continued build-up of domestic price pressures over the medium term,” There is virtually no prospect of the ECB raising rates and in fact the balance of probabilities is pointed towards another round of quantitative easing. The main question is how long this is going to take to action.

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