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Policy of steady hand

There is a motto attributed to a former Chancellor in Germany. Helmut Kohl has become very famous by his politics of the „steady hand“. It may not be very common these days and means to be a reverse model to US but to follow a beaten track, even if all others around you are asking for „Change!“, should be an alternative. Now, Mario Draghi is asked to act in this manner of a steady hand. Ministers of Finance met in Athens on Tuesday and discussed about deflation risks in EU. Referring to forecasts, inflation will rise in Euro-zone about 1 percent in 2014, 1.3 percent in 2015 and 1.5 percent in 2016. This is close to the objective of price stability, ECB is aiming to. Sometimes it’s better to do nothing.

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