The European Central Bank starts QE program (gas prices, March, dollar)

[knowledgeiskey]

About time. The Eurozone has not seen as good of a recovery the US is seeing now. Hope it works

(Reuters) - The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying program which will pump hundreds of billions in new money into a sagging euro zone economy.

The ECB said it would purchase sovereign debt from this March until the end of September 2016, despite opposition from Germany's Bundesbank and concerns in Berlin that it could allow spendthrift countries to slacken economic reforms.

Together with existing schemes to buy private debt and funnel hundreds of billions of euros in cheap loans to banks, the new quantitative easing program will release 60 billion euros ($68 billion) a month into the economy, ECB President Mario Draghi said.

ECB launches 1 trillion euro rescue plan to revive euro economy | Reuters

[Goinback2011]

All it will do is leave them deeper in debt while their oligarchs get richer.

[juppiter]

This is potentially bad for the U.S. The dollar has been strong and is about to get even stronger against the euro. That means American exports will be more expensive. The plus side is gas prices should continue to stay low.