falters The economy, the policy is unpredictable – no matter whether in the USA, Italy or the UK. The ECB, there is little room for manoeuvre. A Turnaround In Interest Rates? Unrealistic!
Mario Draghi is a cautious man. If the President of the European Central Bank is in the Public domain, then every word is carefully considered and weighed. Spontaneous Statements made by him to one finds only rarely. Because of the 71-Year-old knows that every word is placed by him on the gold-scales and in the international financial markets immediately violent reactions – even those that you don’t want to.
planned Accordingly, also his most recent visit to the European Parliament in Strasbourg. The members of Parliament will be informed regularly on the state of monetary policy. His Remarks in the financial world is always a great deal of attention. This Time a picture of the economy painted Draghi situation in the Euro area, the triggers quite. Because the economy develops weaker than expected. A recession is not in sight, said Draghi confident. But the slowdown could last longer than previously expected.
Disappointing Numbers from Germany
in fact, the recent economic data in the Eurozone are disappointing. In Germany, the most important economic power in Europe, the growth of the gross domestic product in the past year as slow as for five years. A Plus of 1.5 percent is not bad, but not what it once was: the good economic years are over for now.