Revealed: the Irish companies profiting from Draghi’s QE gamble

Revealed: the Irish companies profiting from Draghi’s QE gamble
QE bono? The European Central Bank is being slammed over an alleged lack of transparency in its huge programme of quantitative easing

In a stunning allegation of crony capitalism, a group of MEPs have claimed that ECB boss Mario Draghi’s huge programme of quantitative easing is benefiting a tiny group of favoured companies – a number of them Irish

It’s been two years since Mario Draghi, the European Central Bank president, announced a massive, multibillion-euro programme of bond purchases designed to breathe life into flatlining inflation figures in the eurozone. Since then, Frankfurt has spent hundreds of billions on government debt and, latterly, corporate debt.

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