Euro zone, planing on using Quantitative easing to help struggling economy.

Fox Business

European central bank plans on buys bundles of loans and other forms of debt from mid-month in an attempt to kick start the struggling euro zone economy. The bank last month lowered interest rates to help with the sluggish economy. President of the central bank Mario Draghi said bank would start buying covered bonds, which are a form of secured debt, from banks in mid-October. Their hopes are that they can start helping smaller firms grow. This program would last for at least two years. Within these two years the Central bank hopes to allow inflation rate to return to levels closer to the banks aims.

In recent years the Euro zone was hit my countries with weak economies. These economies lead to a rush of aid that hurt the Euro zone. Many of the stronger economic countries don't want the bank to help the weaker economies. These countries believe that with Quantitative easing their own economies will suffer.

The Euro zone is one of the world largest economies. If their economy is starting to slow, then we will start seeing the effects of it here in the states soon. With the euro slowly falling and some economies in the zone feeling they are carrying the weaker of zone. This might play a huge issue in the coming years.