ECB QE

Jason Bourne: You're acting like I'm trying to burn you here. I'm just trying to do the right thing.
Marie Kreutz: Nobody does the right thing.
--The Bourne Identity

The European Central Bank has announced their brand of Quantitative Easing. Essentially it amounts to the ECB buying 60 billion euros worth of bonds per month from EU countries. Those bonds will be purchsed with euros created out of thin air.

How the ECB will decide on which country's bonds to buy is unclear from the statement.

ECB QE will last until at least Fall 2016.