A survey of fundweb.co.uk readers has revealed that even if the European Central Bank is granted greater powers to undertake quantitative easing, it won’t help bolster the euro.
Just under three quarters of Fundweb readers felt quantitative easing would be ineffective against the burdensome eurozone sovereign debt crisis.
Half of the respondents claimed too much was owed by eurozone countries, while a further 23.5% of Fundweb reader felt it would harm the German economy, which has provided extra support for the single currency since the crisis began. (continues below)
Just 26.3% thought quantitative easing would be a good idea, however, more than 20% felt sovereign debt levels needed to be cut.
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