patrick.net

Mario Draghi, President of the European Central Bank, announced the ECB would buy $60 billion Euros worth of sovereign bonds each month, beginning in March and continuing until at least September 2016. Europe has been in an economic slump since the financial crisis in 2008. Half of the European economies are in deflation and the quantitative easing purchases are an attempt to bolster sagging economic conditions in the European Union.

http://www.globaldeflationnews.com/mario-draghi-and-the-ecb-embark-on-quantitative-easing-because-it-worked-so-well-for-the-u-s-and-japan/