60 billion euro each month. That’s how much the European Central Bank will spend in its new bond-buying programme. It’s called QE, quantitative easing.
Basically, it’s printing money. There is no guarantee the strategy will work. The banks are not compelled to lend their new cash, and the average citizen will not really benefit directly.
Is it time for a new approach?
In their article “Print Less but Transfer More,” Mark Blyth and Eric Lonergan say central banks should give money directly to the people; but what would German chancelor Angela Merkel say; and would European Central Bank director Mario Monti obey?
As German influence is under pressure from France and Europe’s Southern member states, who holds the keys to Europe’s prosperity?
Interviewees
- Krišjanis Karinš, member of the European Parliament (Centre-Right)
- Sander Loones, member of the European Parliament (European Conservatives)
- Sylvie Goulard, member of the European Parliament (Liberals)
- Fabio de Masi, member of the European Parliament (European United Left)
- Elisa Ferreira, member of the European Parliament (Social Democrats)
Moderator:
-Brian Maguire, Euranet Plus News Agency
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Subscribe to our channel at
http://www.youtube.com/user/EuranetPlus
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'Deep pockets of democracy' european central bank interest rate | |
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| News & Politics | Upload TimePublished on 10 Feb 2015 |
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