European Central Bank President Mario Draghi’s version of QE might turn out to be rather different to the type deployed by the Federal Reserve. As ECB officials try to stamp out the risk of deflation, Draghi yesterday gave his strongest signal so far that the ECB is prepared to embrace a policy that has become a byword for large-scale government bond purchases. And yet, the structure of the euro region’s economy means the ECB will also need to find its own approach to quantitative easing. Draghi is using the QE label as a tool to convince investors that policy makers in the 18-nation euro region are determined to ... (full story)