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FINANCIAL CHRONICLE™ » ECONOMIC CHRONICLE™ » Euro QE - $70 Billion a month

Euro QE - $70 Billion a month

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1Euro QE - $70 Billion a month Empty Euro QE - $70 Billion a month Thu Jan 22, 2015 7:57 pm

timeout

timeout
Equity Analytic
Equity Analytic
ECB decided to purchase $70B a month worth of public and private debt from member countries until 2016 September. These would lead to extremely low interest loans from major banks in EU. This probably won't help a lot for countries like Greece and Italy to get their act straight, but it would certainly help private enterprises. Sri Lankan banks particularly has a great opportunity to get low cost loan from major players in EU. Sri Lankan conglomerates with access to EU common market should take the maximum use of this once-in-a lifetime opportunity to broaden their market reach and become a partner for EU growth, and in return try to move into the next tier of global enterprises.

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