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European Central Bank Launches Economic Stimulus

On Monday, the European Central Bank starts a program that will inject more than a trillion euros into its economy by the middle of next year. The policy – known as quantitative easing – is the latest mvoe in an effort to bring the Eurozone out of its fiscal crisis. Adélie Pontay spoke with economist Schmitt-Grohe, who says it’s a big change for the European Central Bank.


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