My Life on this planet.

Finally, the specialists at the European Central Bank (ECB) had the guts to do what they always wanted to do : QE or Quantitative Easing . Not democratically-elected politicians decided this; no, unelected economists and bankers decided to introduce QE as they know everything about bringing a world economy to its knees so they can profit. Because lowering the interest rates to almost zero over the past years didn't seem to stimulate the economy, QE means 'printing money' by buying the government bonds of Member States in the hope it will stimulate the economy and to prevent inflation turns into deflation. Maybe there are moments QE can be used but only when really necessary and not now when the economy is relatively OK (although doesn't grow as strong as it did in the past as can be expected ) because even economists admit QE (and thus its consequences) is little understood. I even claim politicians and economists should have been preparing the people for decreasing...

The European Central Bank (ECB) made a decision and the financial sector is not happy. The ECB agrees to come up with ways to assist struggling Eurozone countries but without injecting already money in the countries. The markets hoped the ECB would already help failing countries and thus, as one can expect, the banks immediately increased the bonds for Spain and Italy because they want to punish the ECB for not doing what the financial sector think the ECB should do. The ECB told the markets it will help countries that ask for help. As the ECB didn't help those countries immediately, the markets decided to "help" those countries by increasing the bonds of those countries and thus making it more likely these countries need to ask for help as a higher bond (e.g. above 7% for Spain) means countries have to pay back more and thus their debts increase. As a result, it is more likely these countries need help from the EU and ECB and thus the European money paid to those count...