Viewpoints
Opinion

Massive Stimulus Doesn’t Prevent Eurozone Slowdown

Google LogoMark Us Preferred on Google
Massive Stimulus Doesn’t Prevent Eurozone Slowdown
The Euro logo is seen in front of the European Central Bank (ECB) in Frankfurt am Main, Germany, on Jan. 10, Daniel Roland/AFP via Getty Images
Daniel Lacalle
|Updated:
Commentary

The European Central Bank’s (ECB) balance sheet has risen to 53.9 percent of GDP in July. That compares to a 32 percent for the Federal Reserve and 33 percent for the Bank of England. This means a 1.78 trillion euro ($2.11 trillion) increase year-to-date.

Google LogoMark Us Preferred on Google
Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
Related Topics