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ECB’s quantitative easing: Kalimero

Kalimero – Uber
Cartoon movement (Amsterdam)

The European Central Bank (ECB) began buying bonds from eurozone countries under its massive €1.1trn quantitative easing programme on 9 March, bringing yields to an historic low. Greece was kept out of the scheme, however, as it "is still in a bailout-review process and the amount of Greek bonds that the ECB holds under a previous bond program exceeds the limit that is set under the new QE program", writes the Wall Street Journal.