Fiotakis: Inflation More Global Than People Think

The video discusses various economic concerns, focusing on inflation as a key driver of low rates and its global impact. It highlights the role of global output gaps and competition in shaping inflation. The discussion then shifts to Mario Draghi's role in the eurozone, emphasizing his limited options and the need for structural reforms to improve domestic demand. The likelihood of a eurozone economic accident is considered low.

What is the significance of the 'global output gap' mentioned in the text?

What does the text imply about the likelihood of a eurozone implosion?