"What has been done at Frankfurt is almost criminal," argues chief economist at one the world's largest asset managers

Europe is trying to mend its excess debt by trying to fix the government sector first, which complicates public sector recovery, says Invesco Chief Economist John Greenwood.

Invesco Chief Economist John Greenwood. | Photo: PR / Greenwood

The European Central Bank is currently making two macroeconomic mistakes, says Invesco Chief Economist John Greenwood.

"The ECB's quantitative easing is done the wrong way -- directed at the wrong counterparties, therefore not creating money and spending power. Furthermore, negative rates will not raise spending and inflation but damage long-term savings," says Greenwood, who spoke to journalists earlier this month at an exclusive press event in London.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Nasdaq reports record year in Europe

In 2021, the number of new equity listings on the Nasdaq exchange in Copenhagen broke the old record set in 2007, and in Stockholm, the exchange recorded its highest-ever number of new listings. Nasdaq also had increasing trading volumes last year.

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch