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Institutional Real Estate Europe

March 1, 2015: Vol. 9, Number 3



Draghi fires his bazooka: Has the European Central Bank done enough?

Author: Reg Clodfelter

In hopes of pumping up the rapidly-deflating euro — and the 19 European Union economies that it calls home — the European Central Bank has decided to start down the financial path already trod by the United States, the United Kingdom and Japan, instituting its own bond-buying programme known as “quantitative easing”, which Mario Draghi, ECB president, hinted at in his famed “big bazooka/whatever it takes” speech in July 2012.

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