Bostjan Jazbec on Bloomers
- Demand problems persist despite ECB helping measures
And therein lies the ultimate problem. It doesn't matter how cheap things are or how much cheap money you offer, if there's no demand, there's no activity.
We're nearly two years into the oil price collapse, 5 years into low interest rates, a year into the cheapest money ever, and still growth is tepid at best. And only now does one ECB member start to see the penny drop.
