ECB Stimulus exceeds forecasts
The European Central Bank announced a monetary stimulus package that exceeded most economist’ expectations and may be just what the doctor ordered to bring life back to the European Union’s economy. The Los Angeles Times reported (CLICK HERE to view article) that the ECB will enter into a bond buying program through September of 2016 at a rate of $60 billion Euros (approx $68 million) per month. This is a good sign for the EU and comes at time when many economist have expressed concern about the European economy pulling the rest of the global economy into a recession.
