The continued increase in our net external debt and its growing servicing costs clearly are not sustainable indefinitely. BIS Review 7/1999  –4–  In light of the importance of financial markets in the economy, and of the volatility and vulnerability in financial asset prices more generally, policymakers must continue to pay particular attention to these markets.
The markets continue to watch what the ECB would actually do to fight deflation and curb the strong euro, whether it would in fact unleash its own version of QE. Analysts say Super Mario isn’t “bluffing”.