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RSS FeedsAfter EUR2.6 trillion, Europe´s massive stimulus program ends at an awkward time
(WorldNews Japan)

 
 

13 december 2018 22:14:25

 
After EUR2.6 trillion, Europe´s massive stimulus program ends at an awkward time
(WorldNews Japan)
 


This is a momentous day in Frankfurt. The European Central Bank’s president, Mario Draghi, just announced the end of its massive bond-buying program. Since March 2015, the ECB commanded purchases of EUR2.6 trillion ($3 trillion) of debt, mostly sovereign, from across the euro zone. Today (Dec. 13) marks the end of an era of unprecedented monetary stimulus in the region´s economy. It finally puts Europe on the same path as the US, which for the past few years has been unwinding its own stimulus from the 2008 financial crisis. Still, there´s a problem. This new dawn for the central bank has coincided with a substantial slowdown in economic momentum. Last year, Europe was the standout...


 
13 viewsCategory: General > Asia > Japan
 
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