Eurozone returns to healthy growth after QE bounce – but what next?
by Phillip Inman Economics correspondent from on (#8Z9R)
Businesses let out a sigh of relief after Mario Draghi's 1.1tn quantitative easing programme but questions remain over future sustainability
There's a return to healthy growth in the eurozone. Surprised? It's called the QE bounce.
First the head of the central bank says he will inject 1.1tn into the 19-member economic bloc under a programme of quantitative easing (QE). Next, bank lending gets easier. More importantly, businesses breathe a sigh of relief, realising that after four years of austerity someone has put serious money behind the eurozone's recovery.
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