2011/12/23

290-Call for QE to stave off euro deflation


A top European Central Bank policymaker has called for “quantitative easing” to be used to boost the eurozone economy if deflation risks emerge across the 17-country region.
The comments by Lorenzo Bini Smaghi, ECB executive board member, are the strongest indication yet that the central bank would expand its policy tools to prevent a possible disastrous economic slump in continental Europe.

http://www.ft.com/intl/cms/s/0/6ce17dac-2ca5-11e1-8cca-00144feabdc0.html#axzz1hM9xvD00

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