FUNDWEB: STUART MITCHELL: THIS IS NOT THE BEGINNING OF THE END, IT IS THE END OF THE BEGINNING

While important, the significance of QE in the eurozone and the recent Greek elections should not be mistaken

The advent of Quantitative Easing in the eurozone, and the victory of Syriza at the Greek elections last weekend are clearly important events but their significance should not be mistaken. Instead of reflecting an existential challenge to the whole ‘European project’, they should, rather, be seen as milestones on the long path towards the return of the eurozone to economic normality. What is more, the end of that path, after the seven long years since the financial crisis broke, is now easier to discern.

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PORTFOLIO INSTITUTIONAL: THE ADVENT OF QUANTITATIVE EASING (QE) IN THE EUROZONE, AND THE VICTORY OF SYRIZA AT THE GREEK ELECTIONS LAST WEEKEND ARE CLEARLY IMPORTANT EVENTS BUT THEIR SIGNIFICANCE SHOULD NOT BE MISTAKEN.

Instead of reflecting an existential challenge to the whole ‘European project’, they should, rather, be seen as milestones on the long path towards the return of the eurozone to economic normality. What is more, the end of that path, after the seven long years since the financial crisis broke, is now easier to discern.

Please click here for full article.

Details