Greece’s exclusion from QE and Alpert on Europe in the age of oversupply
Greece gave up its currency to be a part of the eurozone. Reports from multiple sources indicate the European Central Bank is poised to start a quantitative easing program on January 22 to help prevent deflation, but there’s a sticking point: every nation’s sovereign bonds will be eligible for purchase except for Greece. Edward Harrison weighs in.
Erin joins Edward via Davos, Switzerland to discuss the World Economic Forum’s Annual Meeting, the recent 20 percent appreciation in the Swiss franc and how it’s affecting the local economy, about any protests, and what issues are on the agenda.
After the break, Edward is joined by Daniel Alpert, managing partner at Westwood Capital. Dan tells us what he makes of the ECB’s QE plans for national central banks to buy their national government bonds and gives us his take on the likelihood of a euro appreciation due to deflation. He sees the global oversupply of factors of production and labor as the key to the disinflationary environment buffeting all economic areas.
And in The Big Deal, Edward and RT correspondent Ameera David discuss net neutrality. Take a look!
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