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Eurozone QE ‘much needed’ but not enough for growth, Greek deputy says

Iannis Mourmouras sees costs in poor sequencing of structural reforms

bank-of-greece
The Bank of Greece

The eurozone's quantitative easing (QE) programme is "much needed" but will not restore growth without other measures being taken, a deputy governor of the Bank of Greece said today (December 9).

In a wide-ranging speech, Iannis Mourmouras praised the QE programme undertaken by the European Central Bank (ECB), which will continue to buy €60 billion ($65 billion) worth of public and private assets a month until at least March 2017.

Nonetheless, the deputy posed the question whether it would be

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