Now the ECB does not just have a “Quantitative easing” – Il Sole 24 Ore

Now the ECB does not just have a "Quantitative easing" – Il Sole 24 Ore

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This article was published on 18 September 2014 at 16:37.
The last change is the 18 September 2014 at 17:45.

Eighty billion. Much less than the most pessimistic forecasts. You can not define a successful first tranche of Tltro carried out by the European Central Bank. The state of the economy would have required much more momentum right now that inflation is at its lowest and the recovery falters. At this rate, even taking into account future purchases of Abs, planned for October, the stated aim of bringing the size of the ECB balance sheet to the level of 2012 is far away. It is at least one million and more effort should be made now to reverse course.

The ECB should now think about something else. The failure of the Tltro has not been a surprise: the concerns of the banking sector were palpable in recent weeks. The road taken, therefore, does not seem the right one. At this point, the ECB remains little else: to focus on the priority objective, inflation, quantitative easing and implement a broad spectrum. Other concerns, despite the series, must take second place.

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