Households have greater scope to diversify their financial portfolios with products that in the long run permit higher real rates of return. In today’s new conditions of monetary stability, the possibility of earning high returns at low risk that was a feature of the last twenty-odd years will no longer exist.
The Governing Council will base its assessments also on internal analysis and will take into account other risk management considerations before making its final decision. Is inclusion in the QE enough for one to argue that Greece is turning the page?