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and lower energy prices supporting real disposable income
See what he did there? When real disposable incomes turn out to go down, it will not be the fault of the ECB, but of higher energy prices, because Who Could Have Predicted? It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
I mean, if there are "ongoing improvements in financial conditions", what is he doing announcing measures against there being no lending, no investment (ie everyone hanging on to their last penny)?
That just leaves him with "fiscal consolidation and structural reforms", which everyone can see are not in fact producing anything positive. As that is in fact the cake he wants us to swallow, it's a bit stale and nasty.
So, energy prices are the icing. Got to find some somewhere.
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