The European “money factory” starts operating on Monday

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Mario Draghi’s speech was, for sure, in the limelight yesterday.  He announced the beginning of the QE program (1.1trillion euro) starting with the 9th of March. The ECB itself will operate up to 12% of all purchases while the remaining part will be conducted on behalf of the Eurosystem by the Banco de España and the Banque de France. After revealing the most awaited details, the ECB governor g...

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