Yannis Stournaras, ECB Council Member, just dropped an interview that perfectly illustrates the central bank's disconnect from reality. He's proposing a sleepwalk to economic disaster: trimming rates to 2% by 2025 through baby-step 25 basis point cuts from the current 3%.

In an interview with Naftemporiki, Stournaras tried to dress up this capitulation as "cautious policy." Sure, as cautious as throwing gasoline on a smoldering fire. With Eurozone inflation still at 2.5% and rising energy prices real interest rates are already in the danger zone and nearly negative.

Europe's economy has become so addicted to cheap money that it can't handle even marginally positive real rates without trembling. This isn't monetary policy – it's economic euthanasia in slow motion.

The EU's economic model is fundamentally broken, running on fumes and fantasy. While the ECB plays its quarterly rate-cut theater, the real economy continues its slow-motion implosion.