The ECB cut interest rates to a new record low in a bid to boost the economy . But economist David Woodruff says the approach will not work for the economy . What is needed are policies favorable to consumers and spenders , he writes .
The ECB cut interest rates to a new record low in a bid to boost the economy . But economist David Woodruff says the approach will not work for the eurozone . What is needed are policies addressed to borrowers and spenders , he writes .