Draghi to EU Member States: UNLEASH THE GROWTH

In a plea to EU nation states, ECB Chief, Mario Draghi begged members to unleash the growth from the caves and ancient cellars they’ve been keeping it. He’s finding his job incredibly woeful these days, mandated to spend $90b per month on asset purchases which are becoming increasingly scarce; thus the reason why rates are negative and the entirety of Europe’s bond market is a complete fabrication.

What Draghi wants is for the fucking Germans to stop being so German. He wants fiscal cooperation, which is Italian for ‘spend as much money as you possible can. This is Milan.’

“Europeans are calling on our institutions to bring tangible benefits to their everyday lives,” the ECB president said in testimony to European Parliament lawmakers on Monday. “Actions by national governments are needed to unleash growth, reduce unemployment and empower individuals, while offering essential protections for the most vulnerable.”

Draghi has grown increasingly vocal in his calls for elected politicians to boost spending and reform their economies as the ECB struggles to stoke inflation. The central bank’s program to buy 80 billion euros ($90 billion) a month of debt faces scarcity concerns and its negative interest rates have prompted criticism by banks and savers.

“Low rates are a symptom of the underlying economic situation,” Draghi said. “Other policy actors need to do their part, pursuing fiscal and structural policies which will contribute to a self-sustaining recovery and increase the economic growth potential of the euro area.”

Investors are unleashing a can of whoopass on Draghi instead, sending the Eurostoxx 50 lower by 1.8% and German bunds to -0.11%.

Board the ark.