Eurozone QE ‘much needed’ but not enough for growth, Greek deputy says
Iannis Mourmouras sees costs in poor sequencing of structural reforms
The eurozone's quantitative easing (QE) programme is "much needed" but will not restore growth without other measures being taken, a deputy governor of the Bank of Greece said today (December 9).
In a wide-ranging speech, Iannis Mourmouras praised the QE programme undertaken by the European Central Bank (ECB), which will continue to buy €60 billion ($65 billion) worth of public and private assets a month until at least March 2017.
Nonetheless, the deputy posed the question whether it would be
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