What to look out for from the European Central Bank meeting | Fox News

English: The European Central Bank. Notice a s...

English: The European Central Bank. Notice a sculpture of the euro sign. (Photo credit: Wikipedia)

This article from Fox World News is worth a read. It questions whether the European Central Bank should give another push to an economy that’s not rolling fast enough to raise excessively low inflation? It suggests that’s the question facing the bank’s 25-member governing council when it meets Thursday at its skyscraper headquarters in Frankfurt, Germany.

Source: What to look out for from the European Central Bank meeting | Fox News

Personally, I would like to see further stimulus from the ECB. With national elections in both Germany and France in 2017, additional financial stimulus would be welcomed.

Because of the Euro and the EU’s fiscal constraint policy, individual Eurozone countries cannot decide their own fiscal policies – this has damaged growth in Southern Europe and austerity has been the prevailing policy for too. One important lesson from Brexit is that voters feel passionately about both immigration and excessive austerity.

If I were a betting man, I’d go for more stimulus on Thursday from the ECB.

Thoughts?

Opinion: Why is the AfD so successful? | Opinion | DW.COM | 06.09.2016

This is an interesting article from Germany‘s leading news portal, DW. DW’s Christoph Hasselbach reports that the rise of the right-wing Alternative for Germany (AfD) party is not surprising. He suggests that if no other party distances itself from Merkel’s refugee policy, AfD may establish itself even further.

Source: Opinion: Why is the AfD so successful? | Opinion | DW.COM | 06.09.2016

Many German’s have supported Angela Merkel on the simple assumption that she knows best. This was fine in the good years but Merkel’s open doors policy to refugees has left Germany bitterly divided. The author concludes that voters will be looking closely at political parties’ policies on immigration ahead of the national election in 2017.

Many Europeans questioned the wisdom of Merkel’s policies last year and her deal with Turkey. It is likely that many Germans will no longer simply accept that Angela knows best.

Thoughts?