The ECB’s Faulty Weapon

With inflation in the eurozone stubbornly remaining on a downward trajectory, pressure on the European Central Bank to do “something” to prevent outright deflation is growing. But, given the financial structure of eurozone countries, would the preferred "something" – quantitative easing – actually do the trick?

BRUSSELS – With inflation in the eurozone stubbornly remaining on a downward trajectory, pressure on the European Central Bank to do “something” to prevent outright deflation is growing. This “something” is usually understood to be massive asset purchases, or quantitative easing (QE). But would QE actually do the trick?

https://prosyn.org/lr2CAx3