What is the ECB likely to do come June? There has been a lot of speculation in the media about the ECB’s next move but the ECB has yet to make definitive statements on which way it is leaning and why. I believe quantitative easing is out of the question but I also believe the ECB is likely to ease in some manner come June.
The latest economic data points tell the story. First, there is industrial output. Eurostat, the European Union's statistics agency said Wednesday that industrial production for March 2014 was down 0.3% compared to February, and down 0.1% compared to March 2013.
The figures suggest no growth in industrial production in the eurozone for the entire first quarter. Now, Eurostat figures to be released tomorrow are expected to show the eurozone economy expanding in the firs...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.