Draghi draining credit from eurozone, says ‘father of QE’

Barry J Whyte

Chief Feature Writer @whytebarry
14th January, 2015

Central banks across Europe have been draining money from the financial system for the last two years, in what amounts to negative quantitative easing, according to the man who coined the term.

The inventor of the concept of quantitative easing, Professor Richard Werner of Southampton University, told The Sunday Business Post that his analysis of central bank asset purchasing data across the eurozone shows that instead of pumping money into the system, European Central Bank...

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