The European Central Bank may soon be forced to slash interest rates if economic forecasts hold steady, warns ECB Governing Council member Christodoulos Patsalides. The Eurozone is teetering on the edge of a recession, with businesses, banks, and consumers desperate for cheaper credit. Governments, too, are drowning in debt, overcommitted to social programs they can’t afford. But beware—when the rate-cut cycle begins, it often signals the onset of a recession, and markets might be heading into a prolonged bear phase. The stakes are higher than ever.