ECB Announcement Will Be 'Totally Ineffective,' Economist Dumas Says

The video discusses potential announcements by Mario Draghi regarding ECB's monetary policy, focusing on interest rate changes and quantitative easing. It highlights the ineffectiveness of current stimulus measures in stimulating the European economy and critiques the focus on inflation targets. The discussion also covers the impact of negative interest rates on German savers, leading to increased savings and reduced demand, contrary to the intended stimulus effect.

What is the relationship between inflation and real growth as discussed in the text?

How do negative interest rates affect German savers according to the discussion?