International News
All eyes were on the monetary stimulus decisions by ECB finance ministers yesterday, Mario Draghi unveiled the details of his plan to involve the purchase of 60 billion euros worth of government bonds per month from Eurozone members starting in March and lasting for at least 20 months. This was a ground breaking decision aimed at tackling stagnation and ultra-low inflation in the Eurozone, until now the strategy has relied solely on interest rate cuts and loans to banks. The result was euro weakness against of all its pears. [...]
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