ECB sows the seeds for better eurozone growth

The European Central Bank recently delivered a significant expansion to its wuantitative easing program. Worth a total size of about  €1.1 trillion, the expansion was much more aggressive than markets anticipated and sets the stage for a eurozone recovery in the second half of 2015. T Rowe Price’s portfolio manager for European Fixed Income, Ken Orchard, provides his latest thoughts on the ECB’s announcement and the outlook for the eurozone economy.

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