Brzeski: Globalization Pressures German Wages

The video discusses the impact of globalization on wages and disinflation, particularly in Germany, where competition and the refugee crisis are affecting wage growth. It explores the European Central Bank's (ECB) strategies, including quantitative easing (QE) and buying corporate bonds, to address economic challenges. The ECB's actions are unprecedented and contentious, as they venture into supporting private company bonds. The discussion also touches on whether these measures will lead to increased investment by corporates and SMEs.

What measures can the European Central Bank (ECB) take to address the economic situation?

Discuss the implications of the ECB buying corporate bonds.