The European Central Bank (ECB) is going to embark on a Quantitative Easing programme which is rumoured to be worth up to €1Tn.
http://ift.tt/1ChECtS
In some quarters, QE is credited with stimulating the UK and US economies, maybe the same will be true in the Eurozone. A jaundiced view is that QE was effective at transferring money from governments to bank balance sheets without necessarily stimulating lending or the economic situation in general.
Personally I think it was necessary and has been of limited benefit but I feel that the banks have gamed the system very nicely indeed.
http://ift.tt/1ChECtS
In some quarters, QE is credited with stimulating the UK and US economies, maybe the same will be true in the Eurozone. A jaundiced view is that QE was effective at transferring money from governments to bank balance sheets without necessarily stimulating lending or the economic situation in general.
Personally I think it was necessary and has been of limited benefit but I feel that the banks have gamed the system very nicely indeed.
via International Skeptics Forum http://ift.tt/1ux8GAx
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