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Merkel to eurozone: ECB stimulus no excuse to slack | News | DW.DE | 23.01.2015
Speaking in Florence with Prime Minister Renzi, German Chancellor Angela Merkel, fresh from a Davos appearance, said on Friday that troubled eurozone governments should follow Italy's example in structural reforms, even after Thursday's announcement of a new stimulus plan by the European Central Bank. The ECB foresees printing 60 billion euros ($70 billion) per month beginning in March over the course of a 19-month quantitative-easing program to spur inflation and encourage lending.

Exposing yet again the true goal of the austerity dictate.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Fri Jan 23rd, 2015 at 01:25:10 PM EST
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Benoît Coeuré (French member of the ECB Board), interviewed this morning on radio France Inter, said that the aim was to push inflation towards the 2% target. But that German insistence on debt reduction and reforms was entirely justified, and these should be conducted simultaneously with pro-inflation measures.

He also said he knew the formula for turning lead into gold, but he wasn't telling.

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jan 24th, 2015 at 02:30:18 AM EST
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He also said he knew the formula for turning lead into gold, but he wasn't telling.

It usually involves structural reform of the periodic table

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sat Jan 24th, 2015 at 04:06:04 AM EST
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" and these should be conducted simultaneously with pro-inflation measures."

exact date: calendas graecas

by IM on Sat Jan 24th, 2015 at 11:34:58 AM EST
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