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Hollande: ECB will pull trigger on QE plans this week
French President François Hollande said Monday the European Central Bank will announce plans to buy eurozone sovereign debt later this week, reinforcing expectations the Frankfurt-based institution will follow other major central banks into so-called quantitative easing. “On Thursday, the ECB will take the decision to buy sovereign debt, which will provide significant liquidity to the European economy and create a movement that is favorable to growth,” Hollande said in a speech to business leaders at the Élysée Palace. See: The winners from Draghi’s QE? America and Britain The comments from the French leader ... (full story)
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