Quantitative easing (QE) may cause problems, but the alternative is a nasty depression. Expect the EU to start the printing presses soon, says James Ferguson.
European Central Bank (ECB) boss Mario Draghi is famous for saying that he’d do “whatever it takes” to save the euro. This declaration, made at the height of the crisis in summer 2012, calmed the markets, and as a result Draghi has not actually had to do very much. But now the ECB is getting worried [...]
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