Will the European Central Bank Enact a Broad-based Quantitative Easing Program?

Deflation in the Eurozone is becoming a growing concern.  Even with interest rates at historic lows – German 10 year treasury 0.90%, Spain 2.30% and Italy 2.50% - Eurozone growth continues to be anemic.  At last week’s Annual US Federal Reserve’s Jackson Hole conference, European Central Bank president Mario Draghi announced the possibility of further monetary easing to counter the risk of deflation and spur economic growth.  READ MORE…