Curtail Europe’s Pyromaniac Firefighters
Featuring Daniel Lacalle
Published on: August 9th, 2017 • Duration: 31 minutes • Asset Class: Bonds/Rates/Credit, Equities, Commodities • Topic: Europe, Monetary policyDaniel Lacalle, chief economist at Tressis Gestión in Madrid, is optimistic for the future of the European project. But in order to get out of the central bank trap and the shambles of monetary union, he believes the central banks have to stop playing the role of pyromaniac firefighter, creating all the elements of a crisis and encouraging massive risk taking for low yields before presenting themselves as the solution by printing more money. Filmed on July 18, 2017, in London.