Who's Money Printing Presses are Running Hotter? The USA or Euroland?
Grace estimates the ECB has injected 2.1 trillion euros ($2.9 trillion) into the financial system, equal to 22.7 percent of the euro regions gross domestic product, while the Feds $2.2 trillion is 15.5 percent of the U.S. economy.
Posted by: phil_b 2009-03-20 |