Today the Central bank chief Mario Draghi is expected to announce the start of quantitative easing, though many think it is too little and too late to kick-start the euro zone’s lagging economy. According to leaked the details, the plan is to buy back €50 billion ($58 billion) of government bonds per month for at least one year.
The population in EU is approximately 507,416,607 citizens according to eurostat. This is almost €100 per citizen/month (€98,53)! - Who will pay for this?
That would make 12,5 pallets of €50 bills every month...
