Swiss Economicblogs.org
Governments are taking a page out of the play book that monetary policy began a decade ago – which will lead to even higher debt levels. During the throes of the financial crisis almost a decade ago Mario Draghi, then President of the European Central Bank (ECB) pushed the ECB’s mandate to the limits with his speech in July 2012: “within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough” This was during a...
Read More »Central Banks Will Still Do “Whatever It Takes”!
