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ECB, Emergency Measures Are Needed Tomorrow

While the theory that surging equity markets promote confidence and hence an increase in comsumption is put seriously in question by crumbling Japanese equity market, one of the secondary effects that is apparently badly ignored by Eurocrats  is the unintended strengthening of the euro in an environment where every other single bloc is trying to influence the value of its own currency. Instead of trying to moderate its strength, euro area countries have now embarked in trade wars with China, on solar panels. Chances are now that China will retaliate, refusing to support European debt market, a mild promise of the recent past.
Ecb seems unwilling to cut deposit rates to negative but tomorrow they will better find something else to make euro weaken or euro area will definitely enter a prolonged period of stagnation and deflation, with even direr consequences on European unemployment.

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