Because policymakers are out of options, there remains little doubt that the European Central Bank will pursue quantitative easing, whether Germany likes it or not. European officials will welcome a weaker euro, which will improve competitiveness, at least modestly.
相反，其他主要经济体陷入了停滞、放缓或两者兼而有之。欧洲经济仍是一潭死水，可怕的通缩幽灵越来越大。由于决策者已别无选择，毫无疑问欧洲央行将追求量化宽松，不管德国人是否喜欢。欧洲官员将欢迎欧元贬值，这将至少能够略微改善竞争力。