The Eurozone is in crisis – again. Or at least it is until the latest economic recovery plan from the European Central Bank (ECB) has been declared a success.
This historic step taken by the ECB at the end of January was to establish a quantitative easing (QE) package – a €1.1 trillion rescue strategy geared toward boosting inflation, lending and investment.
Such a figure may sound exorbitant, but as Richard Jones – Senior Analyst at gasworld Business Intelligence – explains, the ECB had little choice given the precarious situation the region faced. “Europe is certainly going through challenging times at the moment and we are seeing extraordinary measures being implemented as a result. The ECB announced a €1.1 trillion quantitative easing package in January, meaning it will buy Eurozone government debt in an attempt to boost inflation and get banks to lend again, to boost investment.”
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