The next six months are crucial for the world’s financial wellbeing. Much depends on what is done in Europe, the global growth laggard. Will the European Central Bank (ECB) introduce quantitative easing? Will eurozone governments commit to bold reforms? Will the euro become more competitive? Bulls and bears are placing their bets.
Fortunately, there is one European exercise that is certain to boost confidence and contribute to economic recovery: the ECB’s Comprehensive Assessment (CA). This is good news for Europe and, frankly, for the global economy.
