Jason Karaian on the €1 trillion bazooka that the European Central Bank is debating whether to use. “Ever since former US treasury secretary Hank Paulson described America’s economic bailout strategy as akin to packing a financial ‘bazooka,’ analysts have questioned whether Europe can muster similar firepower. The ECB has reportedly readied a plan to bombard the euro zone with some €1 trillion ($1.38 trillion) in newly created money, but nobody is sure whether it would ever be willing to put it into action.”

Jason Karaian on the €1 trillion bazooka that the European Central Bank is debating whether to use. “Ever since former US treasury secretary Hank Paulson described America’s economic bailout strategy as akin to packing a financial ‘bazooka,’ analysts have questioned whether Europe can muster similar firepower. The ECB has reportedly readied a plan to bombard the euro zone with some €1 trillion ($1.38 trillion) in newly created money, but nobody is sure whether it would ever be willing to put it into action.”

http://www.bloomberg.com/news/2014-04-06/draghi-s-1-4-trillion-question-lingers-as-ecb-mulls-qe.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s