May the force be with you

At long last (they say) the ECB has embarked on Quantitative easing by “printing” over a trillion euros.

So will it work?

The initial signs are that it is doing what it is supposed to do – reduce interest rates on Euro loans.

But Robert Peston, the BBC economics editor is not convinced about the long term benefits. Various countries have already tried this approach (including the US and the UK). Continue reading