ECB Article

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cover all these points in this subject (Quantitative easing in Euro area)

these the points:
•Historical action by ECB
•Unconventional monitory policy
•Conventional monitory policy is where central bank involved as last resort to lending
•Central bank lend to Government & bank
•ECB build on the basis of “Bindes bank”
•Euro area member cannot go to ask for currency
•Repos = sales and repurchases
•LTRO = Long term refinancing operation
•ECB now start unconventional monetary policy which mean no restriction for liquidity
•QE program announce this year which involve 60 billion to put in EU area each month starting from March 
•It will be share by each member state depend on their size, example Germany will get 26% & Ireland will get 1.6%

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