Monday 31 October 2016

ECB blabbering

"Taken together, the ECB's current policy settings are appropriate and are clearly providing the support required to sustain the recovery," Coeure said, adding that support will stay in place "until inflation is sustainably adjusting to our objective."
Well, Benoit Coeure - a signed-up member of the unelected Eurocracy ruling over us and stealing from all hard-working savers in the Eu(rozone) - utters another non-sensical and contradictory statement.
What does he mean by 'recovery'? it probably means economic GROWTH, but then he seems to indicate that inflation is 'their' objective? So would that mean inflation running at 2, 3 or more percent would be 'success', whatever the level of growth?

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