European Central Bank has committed to fight deflation with €1.1 trillion in quantitative easing - Welcome to the new norm

01/22/2015 - 00:00

By Jeff Black and Simon Kennedy -

Mario Draghi led the European Central Bank into a new era, committing to a quantitative easing program worth at least 1.1 trillion euros ($1.3 trillion) to counter the threat of a deflationary spiral.

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