The sun sets behind the European Central Bank headquarters in Frankfurt, Germany. The ECB is already hinting at the need to switch the focus to fiscal policy as the next big fix in a major downturn. Photo: AP
David Brown
Opinion

Opinion

Macroscope by David Brown

Policymakers must change tack to avert the next financial crisis

‘There is bound to be major collateral damage as the global cost of borrowing rises and the flow of cheap money goes into reverse’

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The sun sets behind the European Central Bank headquarters in Frankfurt, Germany. The ECB is already hinting at the need to switch the focus to fiscal policy as the next big fix in a major downturn. Photo: AP
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