QE for infrastructure investment could be ECB's alternative to ‘pushing on a string'

European Central Bank at night

The European Central Bank (ECB) should embark on a programme of quantitative easing (QE) under which it buys debt issued by the European Investment Bank (EIB) and European Investment Fund (EIF) in order to stimulate the European economy, according to a leading expert on Europe's economic crisis.

Yanis Varoufakis, professor of economics at the University of Athens in Greece, told the Economist magazine's Bellwether Europe conference in London yesterday that the EIB could act as a conduit through

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