European Central Bank‘s decision to buy 500 billion euro bonds and cut interest rates by 0.05% is expected, according to analyst estimates, to boost the European economy that is threatened by recession and deflation. This decision means that the ECB will print money, loosen its monetary policy and facilitate liquidity, enabling banks to lend businesses and households with more flexible terms. Mario Draghi’s “revolution” against Germany will benefit the European economy as it will loosen the austerity. Increased liquidity will enable banks to lend businesses and households so they can make investments. Increased liquidity will also boost the Greek economy as it will enhance development rates.
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