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IMF’s Thomsen: ECB doing right thing by using all tools

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    IMF’s Thomsen came out in support of ECB today by saying that ECB is doing right thing by using all tools (negative rates, QE).

    Key quotes

    More urgency for EU to use structural reforms

    Urgency to deal with EU downside growth risks

    Very limited talks on Greece debt relief so far

    Will take decisions only when policy, debt add up

    Greece has had difficulty to sustain adjustment

    Absent steps in 2016 will fall back to deficit

    Greece must take steps 4.5%/GDP to hit 2018 goal

    Not credible to sustain high surplus long term

    Debt relief should be based on realistic targets
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