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

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

11th June, 2017
QE bono? The European Central Bank is being slammed over an alleged lack of transparency in its huge programme of quantitative easing

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.

When the programme was launched, it was welcomed with open arms; for so long, Europe had been seen as the laggard while the US Federal Reserve and...

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