ECB monetary policy

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US stimulus 1- EU austerity 0

While the US enjoy an economic confidence recovery, euro zone members have to put up with a failed mix of austerity measures and monetary expansion. The strategy must be changed since there are few signs of improvement in the real economy, none in the case of Spain.

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ECB monetary policy runs in the opposite direction

LONDON/MADRID | The link between less liquidity and worse economic figures looks clearly defined by the extreme timidity of the ECB and the fact that Germany last March joined France, Italy and Spain in the contraction zone.