Thursday, September 04, 2014

Or Maybe You Could Give Free Money To People In Spain?

As has been the case in the US, it's good that the central bank actually recognizes that they have a problem, but it's not clear that the tools that they're willing and able to use will help much.
(Reuters) - The European Central Bank cut interest rates to new record lows on Thursday, unexpectedly lowering borrowing costs to try to lift inflation from rock-bottom levels and support the stagnating euro zone economy.