Over its 400 pages, the Draghi report reheats old proposals and is vague on other plans.
- Professor of Practice and Director of the Institute for European Policymaking, Bocconi University
Fears abound that cutting rates could tank European currencies, but there’s a a greater risk for them to take seriously.
The UK, eurozone and US inflation stories have diverged, which means each economy is now fighting a distinct battle with prices rises, which could require very different weapons.
So much international trade happens in dollars that it would be very difficult to turn the tide against the currency any time soon.
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