Draghiesque

Interesting / not surprising / stupid / megalomaniac / draghiesque:
https://www.msn.com/en-us/finance/markets/ecb-e2-80-99s-rehn-says-toolkit-still-includes-rate-cuts-and-more-qe/ar-AACI8B0

"Bank of Finland Governor Olli Rehn and his Slovakian counterpart Peter Kazimir both gave press conferences at which they said the ECB is ready to combat any further slowdown that threatens to prevent them restoring price stability. Market-based inflation expectations for the euro zone tumbled to record lows last week, despite the central bank extending its pledge to keep rates at record lows."

Rehn said:
“The global economy and global politics are surrounded by protracted uncertainty, reflecting, in particular, the expanded and heightened trade war in particular between the United States and China. This trade war is unlikely to subside any time soon, due to the underlying struggle between the two countries over technological and economic supremacy.”
[...]“the Governing Council may, should economic developments so require, strengthen its forward guidance and its linkage to the achievement of the price-stability objective.”

Wow, this is bizarre and I get physical pain by reading this nonsense.

So, in my opinion, if the trade war between the US and China hurts the Eurozone's economy, this is a sign that the Eurozone is not resilient enough. And we don't become more resilient by glossing lots of money over the cracks in the EU's economy but by exposing every EU company to the market's reality. This leads to companies adjusting their financial planning and focusing on becoming profitable again. What they need is a higher productivity. Instead they rely on share buybacks (thanks to zero interest) to push the earnings/share-ratio.