The Ugly European

UGLY EUROPE 30.9.2014…….

ugly european

Goldman Sachs sees Europe in years of stagnation

The European Central Bank tries everything to avert an economic depression. Too late, the economists of the world’s most influential investment bank said. They call depressing numbers.

From Nando Sommerfeldt and Holger Zschäpitz

In the Euro-zone monetary stability is redefined. Was it the European central bankers in recent decades about keeping inflation in check up, they’re thinking in the other direction.

For months, the European Central Bank (ECB) tries by all means to prevent a descent of inflation below the zero line. With currently 0.3 percent, inflation is now close to the danger zone. The central bankers fear nothing more than the infamous for their continent Japanese relations . More here.

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