The heavy toll of eurozone inaction

Quantitative easing might give some much-needed momentum to the eurozone in the near term, but sluggish wage pressures and the limited impact of a lower currency will see inflation remain weak.

With eurozone inflation falling further in May, the stage is set for the European Central Bank to finally act and stimulate an economy that is showing few signs of genuine recovery. The ECB has been slow to act -- though it is not solely to blame -- and in the process has guaranteed that the European depression will carry on for years to come.

According to advance estimates, annual inflation in the eurozone fell to 0.5 per cent in May. The result was softer than expected and well below the ECB’s target for inflation of about 2 per cent.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles