De Grauwe: ECB Strategy Seems to Work, but Remains Timid

The transcript discusses Europe's economic recovery, highlighting the ECB's monetary policy and the need for fiscal investment. It examines the impact of stable oil prices on global consumers, noting differences between the US and Europe. The conversation shifts to debt reduction, emphasizing the importance of economic growth and inflation. Finally, it addresses challenges faced by European banks, particularly the negative effects of negative deposit rates.

What impact did the retreat of oil prices have on consumer behavior according to the text?

What challenges do European banks face in extending their lending according to the discussion?