Sometimes ECB is inert to put in place measures that help the markets.
The abstract speeches of Draghi doesn’t help anymore and the high level of taxation in Europe across various nations only slows the recovery. Remember that Draghi comes from Italy which has one of the highest level of total taxes paid by a citizen. Also we could call the attitude of Draghi with the italian word “farraginoso”
U.S. gross domestic product went at an annual rate of 5 percent in the third quarter, the most since the same period in 2003, revised government data released last week showed. It means that the
Prior to Draghi’s Aug. 22 remarks during a speech at the Fed Bank of Kansas City’s annual economic symposium in Jackson Hole, Wyoming, the Parker Global Strategies LLC index that tracks the performance of 14 top currency funds had fallen 2.7 percent from Dec. 31. It has since climbed more than 5 percent, set for a 2.6 percent annual increase.
American economy is growing but european one remains fractionated between german efficiency and greeks issues.