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Europe Isn’t Ready for the Next Recession

Bloomberg, (2019), “Europe Isn’t Ready for the Next Recession”, 8 March

The European Central Bank surprised financial markets yesterday with moves to loosen monetary policy. The prospects for growth in the euro zone have dimmed lately, and policy was going to be tweaked at some point unless things picked up. But a change wasn’t expected so soon. ECB President Mario Draghi and his colleagues are apparently worried.

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