European Central Bank Takes Larger Role

Last week, European Central Bank (ECB) President Mario Draghi raised the possibility that the ECB might act to prevent deflation in the eurozone. In an email interview, Milton Ezrati, senior economist and market strategist with Lord Abbett and author of “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live,” discussed the ECB’s monetary policy. WPR: What economic concerns are driving the current debate over the ECB’s monetary and interest rate policy, and how are intra-European Union politics impacting it? Milton Ezrati: The ECB has turned its major concern from economic matters, especially the goal of […]

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