The European Central Bank plans to buy government bonds in the hope of stimulating economic growth
Inflation in the Eurozone fell below zero in December, raising speculations that the European Union might be headed towards a deflationary period. In order to jumpstart the European economy, Mario Draghi, the president of the European Central Bank (ECB), announced today that the bank will start a quantitative easing (QE) program in which the bank plans to buy €60 billion ($69.7 billion) per month of government bonds from EU member countries.

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