Yes, it’s the ECB, out with yet another downwardly revised “growth forecast” (after 6 straight quarters of no growth) and a refusal to do anything at all about it!!!
What is needed is the following:
1) Cut interest rates to 0%.
2) Announce an inflation target of 5% until unemployment drops below 7%.
3) Large scale stimulus (at least 2 trillion euros) in surplus Eurozone countries (Germany, Netherlands, etc.).
4) The postponement of austerity programs in debtor Eurozone countries (Italy, Greece, Spain, Portugal, Ireland) for at least another 5 years.
Instead, Draghi does his best to be as stupid as Trichet, all in service to the Fourth Reich reelection campaign.
Gorilla says: “See, speak and hear no evil, just be evil!”