December 01, 2014

Silly and sissy regulatory risk-aversion is not compatible with a grown-up response to the Eurozone’s problem.

Sir, is a massive ECB-QE liquidity injection, by means of buying safe “sovereign debt purchases”; while keeping bank regulations which forces banks to stay away from assets perceived as risky, like lending to small businesses and entrepreneurs; all in the hope that infrastructure investments and other “safe” goodies will pull the Eurozone out of stagnation... a "grown-up response"?

Wolfgang Münchau seems to think so in his “The Juncker fund will not revive the Eurozone” December 1.

I certainly do not think that such silly and sissy regulatory risk-aversion is compatible with a “grown-up response”, nor with the Eurozone’s revived growth.