Germany's #economy is officially contracting. The #EU as a whole is barely one step behind in the slide into recession. The #ECB has no weapons in its currency manipulation arsenal for monetary stimulus. Quantitative Easing prevented them from reloading on interest rates and similar mechanisms. Will the EU find the political will to confront their schizophrenic economic union at last, or will they go through another financial panic a la 2008? https://amp.insider.com/germany-economy-shrinks-recession-us-china-trade-war-hits-exports-2019-8 #news #trade