Europe is about to try quantitative easing, say experts, before adding, “it’ll be really hard and it won’t work”
September 19, 2014
Inflation is low (see chart) so Barclays believe the European Central Bank will try “printing money” to stimulate the economy.
But analyst Michael Pearce said that “the scale of monetary easing is set to be much more timid” than the Bank of Japan’s effort. “Co-ordinating policy between the 18 separate governments and central banks of the euro-zone will be a Sisyphean challenge, even for Super Mario.”
Thanks a lot, experts!
Posted in: Infographic of the week