ECB Now Owns 66% of the Eurozone

christine legarde ecb chief oct 2020

The European Central Bank (ECB) balance sheet has increased to 66% of the $12.5 trillion Eurozone economy which includes Germany, France, Italy, Spain and 15 other European countries. ECB’s balance sheet has reached a new all time high of €6.7 trillion as it keeps on printing with total assets rising by another €17.8 billion mainly on Quantitative Easing. ECB’s balance sheet now equals 66% of the Eurozone Gross Domestic Production (GDP), while Fed is at 37% with the Bank of Japan standing at 136% of their GDP. In the past four years ECB’s balance sheet has risen by more than 3x, with some $3 trillion added to it just this year. The amount of money printing therefore has reached new levels, but the euro has maintained its purchasing power and has even increased it. In fact, while inflation and even hyperinflation is a problem in some countries, here we have…

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