ECB head Mario Draghi is calling for more growth-friendly policies, but a little quantitative easing won't do the jobIn France it was 2006. In Ireland and Spain it was 2003. In Greece it was 2001. In Portugal and Cyprus it was 2000. In Italy it was 1997. That's how far back you have to go to find a year when living standards peaked for these countries.Note that the worst performance has not been in a country bailed out since the eurozone debt crisis but in Italy, now in the final stages of not one but two lost decades. Continue reading...
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