After a series of accommodative monetary policy initiatives, including lower bank deposit rates, sterilised purchases of government bonds and collateralised lending to banks, the Eurozone managed to stabilise itself in 2012. The establishment of European supranationals like the EFSF played a critical role in this respect. However, the inflation levels during 2014 drove the ECB to embark on a QE programme - they were impactful, however, deflation and low growth have resurfaced.
Key learning objectives:
What were the sovereign debt concerns in Europe?
What steps were taken to address the crisis in the Eurozone?
How effective were the ECB\\\'s QE programmes?
20:07