ECB: Super Mario fires his bazooka once again
Draghi ups ante in the battle to fight deflation, writes Ian Guider
Mario Draghi was asked to dig deep into theEuropean Central Bank’s box of tricks to come up with new ways of stimulating the moribund eurozone economy. He didn’t disappoint – at least initially.
Bond markets and the euro were on fire in the moments after the ECB fired its bazooka. Not only was the ECB’s monthly quantitative easing plan ramped up from €60 billion to €80 billion, its scope was expanded and it ...
