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Massive Stimulus Does Not Prevent Eurozone Slowdown
Article By:
Daniel Lacalle
Sunday, August 16, 2020 6:55 AM EDT
The ECB balance sheet has risen to 53.9% of GDP in July 2020. This compares to a 32% of the Federal Reserve and 33% of the Bank of England. This means a 1.78 trillion euro increase year-to-date.