Tag Archives: Eurozone Crisis: ECB Introduces Unlimited Bond-Buying Programme

The Guardian – Josephine Moulds – Eurozone Crisis: ECB Introduces Unlimited Bond-Buying Programme – 6 September 2012

• ‘Almost unanimous’ vote overrides German fear of inflation

• Countries benefitting must enter bailout programmes
• Eurozone growth forecast downgraded

Mario Draghi, the president of the European Central Bank, has pushed through a controversial scheme to save the euro, trampling over German opposition.

At the same time, the ECB said that the economic outlook for the eurozone had deteriorated. It now expects the eurozone economy to shrink by 0.4% in 2012 and grow by 0.5% in 2013, while inflation rises to 2.6%. Continue reading