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.


Fear, Loathing and Brexit – Paul Krugman – The New York Times

Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Royal Swedish Academy of Sciences in Stockholm (Photo credit: Wikipedia)

Nobel prize winning economist, Paul Krugman, supports Bremain in a must read article. He believes Britons have a choice between bad and worse but the UK remaining in the EU is unquestionably best for the UK long term.

Source: Fear, Loathing and Brexit – The New York Times

Krugman’s authority and million plus followers on Twitter makes him a very heavy-hitter.

Brits who favor Brexit because of immigration need to think again for two reasons. Firstly, the UK will be permanently weaker economically. Secondly, immigration reduction post Brexit is seriously questionable (source the Economist).