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Eurozone opens doors to QE as Germany and France stumble
By James Titcomb
The Telegraph, London
Monday, August 25, 2014
The eurozone has moved closer to adopting further radical measures to ward off a second recession and a spiral of deflation after its two biggest economies fell deeper into trouble yesterday.
The dual shock of a French government reshuffle and weaker-than-expected German figures yesterday threatened to add to the malaise in the eurozone, where unemployment remains stubbornly high and growth is at a standstill.
Somewhat counterintuitively, this resulted in stock markets across Europe surging and government borrowing costs falling to new lows as traders reacted to indications that Mario Draghi, the European Central Bank president, may be opening the door for large-scale asset purchases and further cuts to interest rates. ...
... For the remainder of the report:
http://www.telegraph.co.uk/finance/economics/11054890/Eurozone-opens-doo...
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