ECB executive warns over "weakened" European Union
Found on BBC on Saturday, 24 January 2015
Speaking at the World Economic Forum in Davos, Benoit Coeure, a member of the executive board of the ECB, said the bank could not create lasting growth as that was down to governments.
So, the ECB plans to buy €60bn bonds each month from banks until the end of September 2016, or even longer, in what is called quantitative easing (QE).
Flooding the banks with quickly printed money won't help the situation at all either. There is no infinite growth and sooner or later things just break down and collapse.