IntroductiontotheCourseandMainIssuesintheGlobal.pptVIP

Europe/Euro/ECB Fiscal stimulus in Eurozone was weaker because many of the member countries start from large fiscal deficits, large stocks of public debt and banks that are too big to fail and too big to be saved ECB easing during and after the GFC was weaker than the one of the Fed as the ECB has a single mandate of price stability. The recovery of growth in the EZ was even more anemic than the one of the US given less easy monetary policy, early fiscal tightening and unresolved bank problems Sovereign debt problems in the EZ and the EZ crisis Potential growth for the Eurozone is low – 0% t