In the meantime, it is necessary to steadily take steps through various structural reforms and toward forming banking, fiscal, economic, and political unions as presented in a roadmap for unification of Europe. The time the ECB can buy is limited and might be gradually becoming costly.
The Chinese economy continues to grow steadily, although the pace of growth has become somewhat lower than that in the past. From the time of inauguration, the new government clearly showed its stance of pursuing structural reforms, by announcing frugality laws and measures to contain real estate prices.