QE will quickly bring pressure for pay rises here
Sean Whelan One outcome could be another flow of German money into Europe’s fastest growing economy: the Irish one
he most important thing about this QE programme is that it has been launched. Rather than obsessing about the legalistic details and theology of indebtedness, we can now think about practical issues – such as pay rises, property prices, investment and economic reform programmes. In short, stuff that might actually help to grow the economy of the eurozone.
The amount of money involved is somewhat less important, though the initial reaction to the €1 trillion...
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