Wall Street Week Ahead: ECB Meeting

The video discusses the European Central Bank's (ECB) current challenges, including limited monetary policy options due to already low interest rates and ongoing quantitative easing. It explores potential fiscal policy actions, such as targeted lending, to support the economy amid coronavirus impacts. The UK is expected to implement fiscal stimulus measures post-Brexit, focusing on small businesses and economic support. The video also highlights a global shift in conservative fiscal policies, with increased tolerance for deficits. Finally, it delves into modern monetary theory, suggesting that deficits may not matter as much as previously thought.

What is the significance of targeted lending in the context of the ECB's strategy?

In what ways has the coronavirus affected the European economy?