The chief economists of the biggest bank in Germany, Deutsche Bank, just called out the European Central Bank.
Actually, that’s too kind a description. David Folerts-Landau blasted the ECB – warning that its out-of-control policies are damaging the economy, hurting investor confidence, having no impact whatsoever on economic growth and inflation, while simultaneously crushing savers, pension funds, and banks.
Oh, and it’s also giving politicians an excuse to do nothing useful and potentially splintering the EU. Sooooo it’s safe to assume DB is NOT a fan? The full note can be found here.
