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belville1907
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More euro-tragedy - Alasdair Macleod - Finance and Eco.

The ECB QC is not intended to bring economic recovery. It is about purchasing sovereign debt from european banks which will decrease in value should the FED dare to raise rates and as such it is nothing more than the result of FED action. Economic recovery in Europe is not possible under the present central bank regime and the existing omnipresent over indebtedness.

Commented 3575 days ago

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Beginning of the headline :Despite the uncertainties ahead of the Greek general election, the European Central Bank (ECB) went ahead and announced quantitative easing (QE) of €60bn per month from March to at least September 2016. What makes this interesting is the mounting evidence that QE does not bring about economic recovery. Even Jaime Caruana, General Manager of the Bank for International Settlements and who is the central bankers' central banker, has publicly expressed deep reservations about QE. However, the ECB pl... Read More

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