#drahgi

Not Deflation, but Competition and Regulation are #Draghi 's biggest problems #ECB

Many financial analysts will focus on the ECB’s announcements today. Last month the FT announced: “ECB unveils radical moves to fight deflation and lift economy” and Bloomberg printed: “Draghi Unveils Historic Measures Against Deflation Threat”. Reading this one would think that deflation is the big European problem.

Deflation is not the problem. The problem is that realmarket interest rates are…