Wrong way round! ECB allows Governments to delay or abandon any structural reforms by bailing them out, keeping rates at absurd levels and effectively stealing from Savers - most of them low or middle income citizens that benefit little from the asset bubble the Central Banks create.
Governments Have Put the ECB in a Bind
ADP Private Jobs Decline by 32,000 in September, Huge Negative Revisions
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ADP revised August from +54,000 to -3,000.
14 hours ago
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