[babble-on]

so if the ECB cut rates from 2.00% to 1.75%, then suddenly the pension crisis, the total lack of labor market flexibility, the over-regulation, the sloth of the average European worker would suddenly reverse. No way. The problems are so much deeper than the currency or the central bank

[Killing Time]

I take your point but how can Germany even begin to address its systemic problems without control of its own fiscal policy?