With the last two meetings o the European Central Bank each ending up with an interest rate cut, one of the ECB’s key policymakers believe it isn’t sufficient to boost the faltering Eurozone, and has publicly called for a quantitative easing scheme. According to comments made by the ECB’s Lorenzo Bini Smaghi, he cannot understand the hush-hush sentiment of the bank as regards the topic of quantitative easing, which he points out is used in the U.S. and the U.K. as the first move against deflationary risks. Read more
