European austerity policy created environment in which low growth rates in most indebted countries coincides with deflation and relatively high borrowing costs. To break this vicious circle somehow what mr. Draghi as head of monetary authority can do? Stimulate economic growth with QE is only he can do, it seems. If QE will large enough it could lower borrowing costs even more and lead economies on the path of growth at last, creating some inflation at the same time... I am long EUR in medium term
Cave paintings of modern age
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