It might be more accurate to say it is trying to recover from the 2007 crash. There is a distinct possibility of another downward leg in the economy. For example QE was probably unavoidable, but QE2 and QE3 is a symptom of continuing to spend on war when 2007 should have caused a much more sudden and dramatic reduction in shoveling money into that fire.
The ECB is pondering beginning a QE-like program. Will QE4 follow QE3? Can it? The economy is still running on emergency measures. It's difficult to call that "recovering."
The ECB is pondering beginning a QE-like program. Will QE4 follow QE3? Can it? The economy is still running on emergency measures. It's difficult to call that "recovering."