Dr. Barbara Kolm talks about the grim economic outlook for Europe in an interview with the Washington Times.
The ECB’s policy with its negative interest rates and European politicians living in a “parallel universe” constitute the biggest problems for future growth within the EU. “The modest growth rates of below 1% over the last years can not really be considered growth”, Kolm states. Future developments will depend on politicians smarting up and embracing wise policies that may eventually lead to serious and sustainable growth, providing reasonable incentives for enterprises. At the moment however these positive changes are quite out of sight.”