Considering QE, Mario? Buy US bonds, not Eurobonds

The Eurozone needs to further ease monetary policy because under the current low inflation and high unemployment periphery countries need to suffer painful deflation. However, the ECB faces challenges other central banks do not face. This column proposes a way to overcome some of these hurdles. It argues that the ECB should buy US treasury […] View the full post at: Considering QE, Mario? Buy US bonds, not Eurobonds Related posts: Lessons from the Eurozone Crisis Good Policy Pays Off in Emerging Markets Second Stimulus Speculation Submarining Bonds and Supporting Gold