This is a powerful, must-read article from CNN Money. Check it out!
As the ECB struggles with three massive hurdles this month to get QE into play, the media is dredging up all the ‘downside-risks’. The risks are real. In short, ‘too much austerity for too long’ has created an economic, social and political crisis. Add the following risks and the potential impact is compounded:
- Increasing polarization of power towards the hard-left and hard-right
- Radical Islam
- Economic sanctions on Russia
Having spent thirty years, delivering effective strategy here’s my two cents. The only safe option is radical transformation. It’s time for the ‘big strategy and ‘big bazookas’.