Some months ago i was thinking:
“Banks are not lending money. Economy is weak, nobody has money, than it is obvious that prices will go down.
That will be healthy for us: we will spend less and producers will be forced to become more competitive if compared to other poor countries.
We will be more poor but everything will start to go in a healthy way.
Now it comes out that prices going down (disinflation) is dangerous and Draghi has provided again more money to banks
banks are not going to lend money but are going to invest it in risky assets ...
And we pay for the rising prices and for the banks earnings ...