Monday, April 13, 2015
Roubini : QE not Enough for Eurozone
Europe is finally going to get its own massive monetary stimulus. But that doesn't mean it can save the region's economy. A flurry of media reports suggested Mario Draghi, president of the European Central Bank, will unveil a program Thursday to buy bonds worth 50 billion euros a month, starting in March. That could inject more than one trillion euros ($1.2 trillion) into the eurozone economy by the end of 2016.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics