EU GDP was marginally higher, coming in at 1.7% p.a., beating expectations. The growth rate in the economically challenged economy has been difficult, to say the least, while the disparity is obvious. The powerhouse of Germany has dragged the retarded Med states away from stagnation. Germany has gained from the EUR, stimulating exports, through a monetarily distorted currency. The ECB has done everything possible to win the currency wars but investments is a necessary component of growth? The Fed is using economic stagnation as an excuse to avoid committed interest rate rises. Yellen has talked the talk but walked away. She is trapped in a grotesque monetary trap. Deficit and debt have increased with cover being given by low interest rates supporting fiscal ineptitude. The Fed, ECB and other Western Central Banks are trapped. Economic growth is the only dependable in terms of economic data. This provides the excuse Central Banks needed, to continue expansionist monetary policy, hiding fiscal ineptness. The RBA left rates unchanged, despite temptation, with a neutral bias. The surging currency, rising to 0.7450, is being put in the hands of a Fed rate rise. The NZD has also been dragged along by antipodean confidence, moving to 0.6950, encouraged by a falling reserve.