Yes the whole QE of the EURO by the ECB has been most dramatic and artificially kept the EURO competitive for the export market over the import market. That's

Yes the whole QE of the EURO by the ECB has been most dramatic and artificially kept the EURO competitive for the export market over the import market. That's one ticking time-bomb that they keep resetting with new QE initiatives, that will have to end soon and suspect BREXIT will offer a wonderful scapegoat opportunity that may well be availed. [EDIT ADD} Nice article highlighting the QE situation: https://www.ft.com/content/e4964f08-f196-11e9-ad1e-4367d8281195 https://www.ft.com/content/e4964f08-f196-11e9-ad1e-4367d8281... Also worth noting that negative interest rates seem to be the new tool that will replace/augment QE. Which may just work, though once again, perpetuating a mindset that borrowing over saving mentality in a way that whole generations will become saving avert. More so if/when negative interest rates take traction.