Will Mario Draghi’s grand plan for quantitative easing really work?
Deflation is the illness stalking Europe. But is Dr Draghi’s prescription of quantitative easing the right medicine for the continent?
Two and a half years after ECB president Mario Draghi’s famous London speech, when he saved the euro by promising drastic intervention to stave off assaults from financial markets on Europe’s sovereigns, the Italian is again centre stage as he prepares to take the wraps off a radical bond-buying programme worth hundreds of billions of euro.
However, while the patient is out of intensive care, many of the symptoms (and, indeed, the medicine)...
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