Klaas Knot, president of De Nederlandsche Bank (DNB), was opposed billion injection ECB as he stated in the TV program Buitenhof.
Knot said that he was not convinced of the necessity and moreover calls into question the effectiveness of the injection billion announced by the ECB. He pointed to previous similar interventions in the USA and put thereby remark: “If you’re already believe that it worked there, that alleged success is not just projecting on the eurozone.”
over 1,100 billion now being pumped into the economy of Europe according Knot is a typical example of a palliative. Rather he had seen an investigation into the cause of inflation, to then tackle the real source.
As for the falling oil prices and the less worthy of the euro was a ‘gift’ mentioned by Knot where, according to him, the economy sure going to benefit.
© NieuwsUit.com
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