Ralph Solveen
Ralph Solveen
arrive burden cross expect fine flip government improvement measures order painful private short somebody switch threshold
Don't expect a new government to arrive and somebody to flip a switch to make everything look just fine again. We're at a painful threshold that we need to cross in order to see an improvement later. In the short run, the measures will burden private households.
currently jobs labor market number provide security seems social statistic subject
The labor market statistic currently doesn't provide much guidance. We need to look at full-time jobs that are subject to social security contributions, and that number still seems to be shrinking.
changes overall picture
I don't think that this in any way changes the overall picture for the ECB,