ECB Has Nothing to Stop September Rate Hike, Economist Schomer Says

The transcript discusses the European Central Bank's (ECB) missed opportunity to normalize policy when the economy was strong. It highlights the current economic slowdown in the eurozone, particularly in Italy and Germany, and debates the limited role of monetary policy versus the potential of fiscal policy to stimulate growth. The discussion anticipates the ECB's press conference, focusing on their risk assessment and its impact on the euro and rate hike strategy.

How does the speaker view the potential for rate hikes in September?

What factors does the speaker believe could help stimulate growth in the economy?