Published time: January 22, 2015 10:21
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The European Central Bank is expected to unveil a multibillion, if not trillion dollar, bond buying program, to save the troubled euro economy. One analyst suggests ‘easy money’ has failed in the past, and direct payment to people would be more effective.
In a bid to battle eurozone deflation, the European Central Bank is considering a massive cash injection into the bloc’s economy.
If the bank takes the aggressive step, it will announce a €1.1 trillion deal, or €50 billion in bond purchases per month through December 2016, according to two euro-area central bank officials, Bloomberg News reports. A milder €500 billion package was previously suggested.
An alternative is put forward by financial analyst Ben Dyson who advocates that ‘helicopter’ money would better help…
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