Draghi defends ‘distributional consequences’ of QE


Mario Draghi defended the "distributional consequences" of quantitative easing (QE) today (June 15) – suggesting that everyone in the eurozone will be better off as a result of the European Central Bank's (ECB's) easy monetary policy.

The ECB president appeared before the Economic and Monetary Affairs Committee of the European Parliament ostensibly to discuss the side effects of QE, though the two-hour session was dominated by Greece.

In his opening remarks, Draghi acknowledged the combination o

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