The European Central Bank has just lowered its key interest rates by a further 25 basis points. It is forced to do so because countries are falling deeper and deeper into debt, while the euro economy is stuck in recession and, above all, the heavyweight Germany is dragging Europe further and further into down through its de-industrialization. At the same time, we are already seeing rising inflation rates in some countries, such as Spain, and the ECB is trapped.

The rapid rise in interest rates by the Federal Reserve in recent years has revealed what the euro economy really is: a fake product based on the narrative of climate change and creating Keynesian artificial demand while concentrating political power in Brussels. The gigantic Brussels subsidy machine needs low borrowing costs or negative real interest rates to keep the zombie economy alive. The fact that the Federal Reserve kept its interest rates constant yesterday, thus widening the delta between the two economic blocs, should set alarm bells ringing in the ECB Tower in Frankfurt, which it certainly does in view of the billions in capital flight from the eurozone.