ECB Quantitative Easing

“It’s very significant and very helpful for the banks,” Jacques Cailloux, chief European economist at Royal Bank of Scotland Group Plc in London, told Bloomberg Television. “But it’s not going to bring about a turning point in this crisis.”

http://www.bloomberg.com/news/2011-12-21/ecb-will-lend-banks-more-than-forecast-645-billion-to-keep-credit-flowing.html

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