Geopolitical events in Russia and the Ukraine and the subsequent sanctions are placing further pressure on an already deflationary environment in Europe
Geopolitical events in Russia and the Ukraine and the subsequent sanctions are placing further pressure on an already deflationary environment in Europe. The ECB now appears to be accelerating plans to inject a fresh round of stimulus into the region. Overnight ECB president Mario Draghi said the bank had intensified preparatory work quantitative easing as a potential new weapon in its battle against deflation and economic stagnation. Draghi said, The recovery remains weak, fragile and uneven. In recent weeks, the data shows growth momentum is slowing down. It is quite clear that if geopolitical risks materialise, the next two quarters will show lower growth. Draghi said sanctions and counter sanctions between the west and Russia were among the biggest risks facing the eurozone economy, with the potential to drive energy prices higher and depress exports. There is from The Guardian: (VIEW LINK)
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