5/2/15: Maan… it’s like… Structural Reforms, like… maaan!


You know that slightly odd person who sits on a park bench repeating to anyone who bothers to ask him the same story over and over again? Well, now try imagining one that is doing so unburdened by a request.

And you have ECB...


At least Frankfurt did not mention its (and IMF's) favourite made up dream: the labour market reforms... presumably because in China, labour markets are already 'efficient' enough, why with all the factory dorms and campuses and the rest.

H/T for the ECB blurb to @LorcanRK.