Why cant Europe just print money and spend it on infrastructure?
I suppose its not the mandate of the Euro shot callers but desperate times, desperate measures. They could build out nat gas import terminals and pipelines among other things that could help all of Europe. I don't know exactly what Japan is doing but it seems inflationary and appears to be working there. Greece needs a huge jolt of growth not just reform. I'm long NBG and Alpha and buying LYG.
japan is going to shoot itself in the foot with the tax increases and the continued shuttering of the nuclear power plants. i like japan and ive done good by them this year, but im not overly optimistic for the longterm situation there. greece needs debt relief, will germany give it? dont think so. im sure theres a lot of greek hate in germany still going back to WW2.