- The present path of policies in the eurozone is not sustainable for economic nor for political reasons.
- A move toward complete monetary union is politically unfeasible and the prospect of countries bolting from the policy constraints is real.
- We believe the ground is more fertile for policy changes not only because of the above, but also because the German economy is no longer immune from the eurozone woes.
- Mario Draghi seems to prepare the ground for a more aggressive monetary policy, European shares could benefit and the euro will fall further.
Revolt in the Eurozone?
September 10th, 2014 · No Comments