European Central Bank boss hints at full-blown quantitative easing for Europe

European Central Bank boss hints at full-blown quantitative easing for Europe

European Central Bank boss Mário Draghi has announced that he is ready to use “additional unconventional tools” to try and spur inflation and moribund growth in the euro sector.
The move has fuelled expectations that the ECB may eventually embark on the radical measure known as quantitative easing (more simply put, buying large amounts of sovereign debt) – a step that “would face strong resistance in Germany”, reports Reuters news agency.