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5 Things To Know About Eurozone QE
European Central Bank President Mario Draghi’s news conference marked a move into uncharted territory for the central bank, announcing the launch of a large-scale program of government bond purchases known as quantitative easing. It marks a fresh departure for the central bank after more than a year of attempts to revive the near-stagnant eurozone economy and reverse a long slide in the inflation rate using cuts in interest rates, cheap loans to banks, and smaller purchases of some private sector debt. Here’s what you should know. 1. HOW BIG THE PROGRAM IS The European Central Bank has finally decided to use a ... (full story)