In the Eurozone, Quantitative Easing Remains Off the Menu

Europe is not built in a way that allows it to consider threats in a unified manner. Instead, national politics interfere with EU decision-making. Ever since the euro crisis of 2012, which saw countries in the European periphery struggling with the effects of a sell-off of their sovereign bonds, the German-influenced European party line has been that countries should reduce budget deficits and undertake structural reforms in order to make themselves more competitive....