Europe’s Secret Bailout
While the world worries about Donald Trump, Brexit, and refugees, the European Central Bank continues to work below the public radar on its debt-restructuring plan – also known as quantitative easing – to ease the burden on the over-indebted eurozone countries. It's a high-risk operation, especially for Germany and the Netherlands.
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MUNICH – While the world worries about Donald Trump, Brexit, and the flow of refugees from Syria and other war-torn countries, the European Central Bank continues to work persistently and below the public radar on its debt-restructuring plan – also known as quantitative easing (QE) – to ease the burden on over-indebted eurozone countries.