“There is real pain at the general public level of the euro-zone economy, and whilst we respect that OMT has driven yields down amid the very lucky periphery, it would be a great help to nation states, exporters and the citizens of the euro zone at large to be offered a lower rate environment,” said Stephen Pope, managing partner at Spotlight Ideas, in a note entitled, “Draghi is Guilty of a Dereliction of Duty.”
MarketWatch features Stephen Pope & Spotlight Ideas
Thursday December 6th 2012
http://articles.marketwatch.com/2012-12-06/economy/35632670_1_mario-draghi-ecb-staff-euro-zone-economy/2The ECB’s reticence angered some economists, who charged that policy makers would do better to pay heed to the ECB staff’s downbeat forecasts than their own apparent expectation that growth is ready to return later in 2013.
