Op-ed: The ECB got the cure for euro-pessimism

by Dramelin 8:30 PM 0 comments

Investment thoughtsThe ECB will continue to provide most of the stimulus to the euro area economy.
Meanwhile, the ECB will continue to run the euro area economy and the economic systems where the euro serves as a de facto transactions currency and a store of value.
Marine Le Pen would do that, but, like her unsuccessful Dutch colleague Geert Wilders, she wants to destroy everything by getting out of the EU and the euro area.
The ECB is the heart of EuropeAs Washington keeps discovering, Germans don`t see anything particularly strange there.
At the moment, the euro area shows a primary budget surplus of 1.
2 percent of GDP, with Italy at 3.
6 percent and Spain at 1.
1 percent.