Confidence to spend

draghi_euThis slide is from Mario Draghi’s presentation to the European Union council today. As the caption states, he says it shows that investment is suffering from a lack of confidence. But it perhaps more clearly shows that private investment has suffered as public investment has been slashed. And public investment is nothing to do with mercurial confidence — it’s something governments control! A “you first” approach to investment is not going to get us very far.

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  1. Pingback: Confidence to Spend – A Fistful of Euros | Marty Investor

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