Wrong To Assume Quantitative Easing Will Be As Effective In Eurozone As Elsewhere

It is now the world’s worst kept secret that the ECB will announce some form of Quantitative Easing (QE) at its meeting on Thursday. Discussions are still on-going on the details but a compromise plan is emerging – it will total around €500bn, include monthly purchases of between €20bn and €40bn, will be limited to interventions up to 25% of any given countries sovereign debt market and will be structured to exclude Greece.