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Draghi, Lord Turner och jag ense. Vad säger not-without-treaty-change-Merkel?

Draghi’s recent speech at the annual gathering of central bankers in Jackson Hole has excited great interest, but the implication of his remarks is even more startling than many initially recognized. 

If a eurozone breakup is to be avoided, escaping from continued recession will require increased fiscal deficits financed with ECB money. 

The only question is how openly that reality will be admitted. 

Adair Turner, former Chairman of the United Kingdom’s Financial Services Authority, member of the UK’s Financial Policy Committee and the House of Lords


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