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Ladies and Gentlemen, the day-in/day-out question to everybody is, how long will this
financial repression last? There is no consensus opinion on it. Since a few years, financial
repression is already existing – and it may last longer, than just a couple of more years.
In summary:
ultra-low interest rates,
financial repression,
and incentives to investors to move into riskier asset classes
all this is not a good situation, for the economy as a whole, to prevail for long, but let us
hope and work for a better world !
At least, and to close with some optimism,
Growth is again returning to a number of Euro Area Countries, and here on this chart you
have a selection of such countries. This makes us hope for an improved business cycle.
Thank you very much.
IGTA eJournal | Summer 2015 | 20