EFTA Document EFTA01457957

Letter to investors Central banks - drivers and driven For a long Ume, central banks have been driving markets ever higher. But there are limits to their power and political priorities are also important. Both the power and powerlessness of central banks can he observed on three continents at the moment. Let's start with crisis-ridden Greece. After several 'final deadlines' had passed, only one measure promoted a real sense of urgency: the decision by the European Central Bank (ECB) no