ECB Agrees to Buy now 60 Billion not 50 Billion

ECB-1

The European Central Bank agreed on Thursday to embark on a quantitative easing (QE) programme that will see it print money to buy up 60 billion euros worth of sovereign bonds from March until the end of September next year. The money will include some from existing programmes. Countries under a bailout programme, such as Greece, will be included but with some additional criteria. This is substantially more than expected up from 50 billion.