ECB eurozone stimulus plan begins Monday

Fri, 06.03.2015 16:13

Kiev/ Ukraine in Arabic/ The Board of governors of the European Central Bank (ECB) has decided to launch in March, the program of quantitative easing to boost the economy of the Eurozone

Recall that the decision of the ECB governing Council was not unanimous, but the odds in favor of launching quantitative easing (ISS) was so great that it was not necessary to resort to the formal counting of votes. In addition to adjustments to the inflation index.

The ECB also hopes to help the measures taken to reduce the value of the Euro against other convertible currencies to make exports from Eurozone countries more competitive in the global arena.

The decision on the ISS, providing saturation of the EU economy in cash in exchange for government securities, essentially copies the similar actions of the Federal reserve system and the Bank of England in 2008-2009, during the economic crisis.



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