The ECB has taken the wraps off its much heralded ‘quantitative easing’ programme. The Frankfurt bank will oversee a bond purchasing programme worth €60 billion per month, targeted at a combination of public and private sector assets.
While the substance of this move had been largely flagged, Mario Draghi has managed to keep enough powder dry to provoke some major talking points in the immediate aftermath of the announcement.
Who carries the can?...
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