Image Credit: MPD01605 (Flickr) CC

Image Credit: MPD01605 (Flickr) CC

Economics, International economy

Is quantitative easing really going to save the euro?

Last week, at Jackson Hole, ECB President Mario Draghi clearly signaled that he has finally come around to recognizing the threat that deflation would pose to the Eurozone economic recovery. However, before jumping to the conclusion that this recognition removes the risk of yet another and more serious phase in the Eurozone debt crisis, one might want to reflect on two basic questions. read more >