EU CONCERNS NOT CONFINED TO BREXIT
This week, some of the most interesting news came out of Europe; not the bluster about it that dominated British media, but the assessment of Mario Draghi of the Eurozone’s economic prospects. In short, he’s not that upbeat. The problems facing the currency bloc are beyond what can be solved by a central banker, Draghi knows this, but with no one else seemingly willing to do anything he’s giving it a go anyway. The expansion of the European flavour of QE into corporate bonds, comes as close as ever to the bank just printing money and giving it away in the attempt to reflate the economy. If it works expect other central banks, including our own, to take notice. Read More….