To the Point
The Eurozone Goes for American-Style "Quantitative Easing"
It's been working to help the US recover from the Great Recession, now Europe is trying what's called "quantitative easing." Today, Central Bank President Mario Draghi announced plans to buy bonds worth 60 billion Euros -- about $69.7 billion — every month.
By Warren Olney • • 1 min readIt's been working to help the US recover from the Great Recession, now Europe is trying what's called "quantitative easing." Today, Central Bank President Mario Draghi announced plans to buy bonds worth 60 billion Euros -- about $69.7 billion — every month.
Mario Draghi at today's press converence
Photo courtesy European Central Bank
Alessandro Speciale, who reports on economics for Bloomberg News, joins us from Frankfurt.
