Summary
The divided nature of the European financial markets and their relative shallowness make the quantitative easing program of the ECB more difficult to enact and problematical in effect. The euro’s decline, though not solely due to the program, is its chief success. With the U.S. economy looking far shakier than it did three months ago, and the Federal Reserve already backing off its June rate hike, can the euro retain its economy boosting weakness? If the currency markets sense that the Fed’s rate hike is moving into 2016 will the euro recover, to the detriment of the QE program? If the euro regains strength what will be left of the ECB quantitative easing program? Join us for an examination of the ECB’s QE program, its potential and pitfalls.Latest Live Videos
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