Or Maybe You Could Give Free Money To People In Spain?

As has been the case in the US, it's good that the central bank actually recognizes that they have a problem, but it's not clear that the tools that they're willing and able to use will help much.

(Reuters) - The European Central Bank cut interest rates to new record lows on Thursday, unexpectedly lowering borrowing costs to try to lift inflation from rock-bottom levels and support the stagnating euro zone economy.