When it comes down to it, all that matters is 'the market'. With European consumer confidence at its highest since 2007, and European unemployment barely off record highs, there is only one thing that European policymakers really care about... and it's not 'the people'.
[4]
And that is why Draghi is pumping QE... because confidence is everything (and it appears unemployed people are not surveyed for confidence expectations?)
Charts: Bloomberg
