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The EU has only avoided crisis because the ECB has resorted to an effective NIRP. This is a short-term papering-over of the cracks but stores up a greater crisis.
The EU has only avoided crisis because the ECB has resorted to an effective NIRP. This is a short-term papering-over of the cracks but stores up a greater crisis.
The EU has only avoided crisis because the ECB has resorted to an effective NIRP. This is a short-term papering-over of the cracks but stores up a greater crisis.
"The tourism sector has been the largest driver of the export recovery in Portugal," Ben Westmore, the head of the Portugal desk in the Economics Department of the OECD, confirmed to VOA.
Fickle thing Tourism.. and why is it classed as an export?
You've posted a prediction of the demise of the USD
If they emulate the ECB NIRP. It's a rule on ZH, all articles must predict the end of the dollar - I think we will see more dollar strength, the least ugly in an ugly parade.
But that's not what Mellon predicted in 2017, when the policy was already in place (.05%) in 2014.
All sounds very Project Fear.
I don't think it's possible to predict a timeline, central banks are going to absurd lengths to avoid a day of reckoning. Debt jubilee/Outlawing Cash have been floated etc.
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