ECB doing 'too little, too late' to rescue eurozone, experts warn
Telegraph - Feb 09, 2015
Eurozone stimulus will be “too little, too late†to revive the currency bloc’s feeble economy, experts have warned.
If policymakers do not learn from their mistakes, then the euro project may come to a nasty end, as the euro area falls further into a deflationary spiral.
Scott Sumner, a leading monetary economist, has said that a €1.1 trillion (£820bn) quantitative easing package unveiled by the European Central Bank (ECB) in January will not be sufficient to reverse the euro area’s decline.
Writing for the Telegraph, Mr Sumner said that “European officials have not learned any of the lessons offered by the Japanese experience†of prolonged economic stagnation.
