Jun 15, 2010

The ECB Should Move Rates To Zero

“That has to be the policy mix: tight fiscal, but much more easy money, looser monetary policy, more quantitative easing and also a weakening of the euro. Going to zero alone is not going to be enough, it’s 100 basis points. They need to go to zero, they need to do more quantitative easing, they need to support dysfunctional markets, they need to signal that they are actually not uncomfortable with a weaker euro as long as that is a gradual and orderly process.”

in Bloomberg