QE by the ECB? Don’t Count on It
Monetary easing can do little to solve Europe’s economic problems, but expect more of it as long as politicians continue to duck genuine reform.
Patrick Artus
October 28, 2014
The Deutsche Bank AG headquarters twin tower skyscraper complex stands as commercial and residential property sits on the city skyline in Frankfurt, Germany, on Thursday, Oct. 23, 2014. At noon in Frankfurt on Oct. 26, investors will learn which of the currency bloc's 130 biggest banks fell short in the European Central Bank's year-long examination of their asset strength and ability to withstand economic turbulence. Photographer: Martin Leissl/Bloomberg
Martin Leissl/Bloomberg
