Review completion and SMP redemptions will decide Greece's QE eligibility

EconomyProgramme Tags: ECB
Photo by MacroPolis
Photo by MacroPolis

As expected, ECB President Mario Draghi announced on Thursday a Quantitative Easing (QE) programme which involves an expanded asset purchase programme up to 1.1 trillion euros. The programme starts in March and is intended to last until the end of September 2016.

The programme envisages the Eurosystem purchasing euro-denominated investment grade securities issued by euro area governments, agencies and European institutions from the secondary market. The purchases will be based on the National Central Banks (NCBs...

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