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Could a pile of cash jumpstart Europe’s economy?

On Thursday, Mario Draghi, the head of the European Central Bank, is expected to unveil a new plan to help boost the struggling economy of the euro zone. Specifically, analysts and investors expect Draghi to announce a program of “quantitative easing,” whereby the ECB could spend over 500 billion euros to buy the bonds of governments that use the euro. What is this and what would it accomplish? The first thing you need to know is that the euro zone economy is very, very weak. According to the statistics agency Eurostat, the unemployment rate is 11.5%. Growth in the euro zone is less than 1%. And recently the area has been experiencing deflation, a dangerous decline in prices that prompts people to delay making purchases and investments and drives down economic activity. Read more…More about Economics, Us World, World, and European Central Bank

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Could a pile of cash jumpstart Europe’s economy?

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