ECB tells a completely different story about the state of the EU economy

After a couple of weeks of euphoria about how the EU economy has turned a corner and all is well, which was supported by yesterdays falsified GDP numbers the ECB writes:

Net demand by households for housing loans decreased at its largest rate on record (net percentage of -74%, after -42% in Q3 2022; see Overview table). Demand for consumer credit also decreased strongly, albeit to a lesser extent than for housing loans in net terms (net percentage of -29%, after -11%, see Overview table).

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