Quantitative Easing in the Eurozone: limited economic benefits at a high legal and political cost / The ECB’s moment of truth / ECB plans to flood markets with money / Eurozone prepares for QE

In a new Briefing released ahead of the European Central Bank's purchase of sovereign bonds likely to be launched on the 22 January 2015, Open Europe breaks down why quantitative easing by the ECB will have limited economic benefits at high legal and political cost.

Further sources preview the likely impact of the expected measures proposed by the ECB.

• Primary Source

ESO: Background information: How The ECB Can Structure Quantitative Easing Without Fiscal Transfers http://www.europeansources.info/record/how-the-ecb-can-structure-quantitative-easing-without-fiscal-transfers/

Blog: Open Europe, 19.01.15: ECB Quantitative Easing can’t save the Eurozone http://openeurope.org.uk/blog/ecb-qe-cant-save-eurozone/

Financial Times, 18.01.15: ECB must start with big bond-buying programme (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE156788-ECB-must-start-with-big-bond-buying-programme

ESO: Background information: Advocate General’s Opinion in Case C-62/14 Peter Gauweiler and Others v Deutscher Bundestag, January 2015 http://www.europeansources.info/record/advocate-generals-opinion-in-case-c-62-14-peter-gauweiler-and-others-v-deutscher-bundestag/

EUObserver, 20.01.15: ECB bond-buying programme will 'not be a cure' https://euobserver.com/news/127230

Euro|Topics: Who's saying what: ECB plans to flood markets with money http://www.eurotopics.net/en/home/debatten/links-2015-01-quantitativeeasing/

Deutsche Welle, 21.01.15: The ECB's moment of truth http://dw.de/p/1EOPZ

Spiegel Online International, 06.01.15: Operation Helicopter: Could Free Money Help the Euro Zone? http://www.spiegel.de/international/business/economists-say-handing-out-cash-could-help-euro-zone-economy-a-1011352.html

BBC News, 21.01.15: Eurozone prepares for QE http://www.bbc.com/news/30876955

EurActiv, 21.01.15: Germany frowns as ECB prepares for new bond-buying scheme http://www.euractiv.com/sections/euro-finance/germany-frowns-ecb-prepares-new-bond-buying-scheme-311430

Blog: Open Europe, 21.01.15: Does it matter if National Central Banks rather than the ECB purchase bonds under Quantitative Easing? http://openeurope.org.uk/blog/ecb-quantitative-easing-national-central-banks/

Euro|Topics: Main Focus, 22.01.15: ECB to decide on bond-buying programme http://www.eurotopics.net/en/home/presseschau/archiv/archiv_dossier/DOSSIER157084-ECB-to-decide-on-bond-buying-programme

The Conversation, 21.01.15: As Eurozone squares up to quantitative easing, are fears justified? https://theconversation.com/as-eurozone-squares-up-to-quantitative-easing-are-fears-justified-36446

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