A Message From Davos: Quantitative Easing Alone Won’t Solve Europe’s Ills

Davos, Switzerland:  Financial markets have been obsessing for months about the timing, size and structure of a European Central Bank bond-buying programme that seems likely to be unveiled today.

But business leaders, policymakers and celebrity academics gathered at the World Economic Forum in Davos had a message for all the “quantitative easing” (QE) enthusiasts: don’t count on the ECB to resolve Europe’s economic woes. Continue reading