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ECB Unveils Stimulus to Boost Economy

Posted on AllSides January 22nd, 2015
From The Center

The European Central Bank said Thursday it plans to purchase over €1 trillion ($1.157 trillion) in public and private sector bonds by the fall of 2016, a landmark decision aimed at combating stagnation and ultralow inflation in a region that has emerged as a top risk to the global economic recovery.

ECB President Mario Draghi said the ECB will buy a total of €60 billion a month in assets including government bonds, debt securities issued by European institutions and private-sector bonds. The purchases of government bonds and those issued by...

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http://www.wsj.com/articles/ecb-announces-stimulus-plan-1421931011

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