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home / news releases / EUFL - Eurozone Inflation Below Target - Not Much The ECB Can Do


EUFL - Eurozone Inflation Below Target - Not Much The ECB Can Do

The ECB's problem

The only source of economic policy of any kind for the eurozone is the European Central Bank. Fiscal policy is still the preserve of the nation states. Therefore monetary policy has to carry the bag as it's the only integrated policy source there is.

However, given that the eurozone itself is well above the size of an optimal currency area we'd very much prefer that we didn't have that same monetary policy throughout that eurozone. Yet, obviously, the point of as monetary union is that we have, by definition, the same monetary

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Stock Information

Company Name: Direxion Daily European Financials Bull 2X Shares Direxion Shares ETF Trust
Stock Symbol: EUFL
Market: NYSE

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