ECB’s trillion has to be printed and distributed fast before Armageddon comes

Posted: December 15, 2014 in Uncategorized

The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com

European Union’s "Growth and jobs strategy 2014", proved a total failure. The people responsible for that are here in session. Wolfgang Schäuble, German Federal Minister for Finance, José Manuel Barroso, ex-President of the European Commission, Manfred Weber, Member of the European Parliament and Vice-Chairman of the EPP Group and Martin Kamp, Secretary-General of the EPP Group (from left to right). European Union’s “Growth and jobs strategy 2014”, proved a total failure. The people responsible for that are here in session. Wolfgang Schäuble, German Federal Minister for Finance, José Manuel Barroso, ex-President of the European Commission, Manfred Weber, Member of the European Parliament and Vice-Chairman of the EPP Group and Martin Kamp, Secretary-General of the EPP Group (from left to right).

The latest Eurostat data on employment and industrial production for the Eurozone economy point invariably to stagnation, if not recession, while the long-term tendency of household consumption, as a percentage of GDP, appears falling. In short all the key growth indicators of the economy are quite disappointing, to say the least. The economic problems of Europe are also aggravated, by the growing over-indebtedness of a large number of euro area governments.

Add to all that the malignant swelling of the exposure of major European banks to risky placements, together…

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