Business Still Feeling Damage Done in 2008, Says Dryden

Low interest rates are helping to reduce euro-area public debt, but rigorous enforcement of European Union fiscal rules is also needed to bring the burden down by a “sizable” amount, the European Central Bank said. Since the end of the financial crisis, euro-area countries have struggled to unwind a debt ratio that stood at around 93 percent of gross domestic product in 2015, with low inflation and anemic growth adding to the challenge. Easing that strain remains a key policy priority, and monetary stimulus provides an opportunity by keeping government borrowing costs low, the ECB said in a study published on Wednesday. JPMorgan Asset Management Strategist Alexander Dryden discusses growth challenges with Bloomberg's Francine Lacqua on "The Pulse."

Full Show: Surveillance (09/21)
20:04 - Bloomberg Surveillance hosted by Tom Keene, Francine Lacqua, and Nejra Cehic. Guests include Yale University Senior Fellow Stephen Roach, Wolfgang Ischinger, chairman of Munich Security Conference, Richard Attias, executive chairman at Global Event Management, Ron Temple, Lazard Asset Management co-head of multi-asset and head of U.S. equity, and Bricklin Dwyer, BNP Sr. Economist, U.S. & Canada. (Source: Bloomberg)
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