$1 trillion for us, the citizens? NOPE!
$1 trillion for the bankers, who else?!
Monetary
stimulus is always popular in the field of politics because it boosts
the politicians image. Here, the ECB is taking after the Fed by printing
money to purchase garbage from the banks to get it off of their hands.
A criminal scheme which has been happening in many countries since the Financial Crisis.
The European Central Bank has modelled the economic effects of buying 1
trillion euros ($1.37 trillion) of securities as part of a quantitative
easing (QE) programme
Draghi Seen Delivering $1 Trillion Free Lunch to Banks
unprecedented
stimulus measures that the ECB announced after its June 5 policy
meeting, including a negative deposit rate and an extension of unlimited
short-term liquidity until at least 2016
Even so, euro-area
inflation has held below 1 percent for the past nine months, less than
half the ECB's goal, and was at 0.5 percent in June
The European Stability Mechanism is the permanent crisis resolution mechanism for the countries of the euro area.
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