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http://www.bbc.co.uk/news/business-30933515
Now correct me if I'm being extremely naive or stupid, but doesn't this just put money into the hands of the banks and financial institutions to profit from other peoples debt???
If they really want to "stimulate spending" or "business growth" shouldn't they be missing out the middlemen and investing that money directly into businesses or the consumers' pocket? Simply remove steps 2 & 3 from the equation and the whole system works well.
The European Central Bank (ECB) says it will inject at least €1.1 trillion into the ailing eurozone economy.
The ECB will buy bonds worth €60bn per month until the end of September 2016 and possibly longer, in what is known as quantitative easing (QE).
The ECB has also said eurozone interest rates are being held at the record low of 0.05%, where they have been since September 2014.
ECB president Mario Draghi said the programme would begin in March.
The eurozone is flagging and the ECB is seeking ways to stimulate spending.
The ECB will buy bonds worth €60bn per month until the end of September 2016 and possibly longer, in what is known as quantitative easing (QE).
The ECB has also said eurozone interest rates are being held at the record low of 0.05%, where they have been since September 2014.
ECB president Mario Draghi said the programme would begin in March.
The eurozone is flagging and the ECB is seeking ways to stimulate spending.
If they really want to "stimulate spending" or "business growth" shouldn't they be missing out the middlemen and investing that money directly into businesses or the consumers' pocket? Simply remove steps 2 & 3 from the equation and the whole system works well.
