Draghi’s QE

Eurozone big gobs are borrowing at really low rates

In the US unemployment rate has gone down to 5.5%, according to the last figures. Remember that it hit 8% in the worst of the crisis. Progress has been slow, but undeniable.

 

*Graph source: BNP Paribas.

 

About the Author

Miguel Navascués
Miguel Navascués has worked as an economist at the Bank of Spain for 30 years, and focuses on international and monetary economics. He blogs in Spanish at: http://http://www.miguelnavascues.com/

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