Massive Stimulus Doesn’t Prevent Eurozone Slowdown

The Euro logo is seen in front of the European Central Bank (ECB) in Frankfurt am Main, Germany, on Jan. 10, Daniel Roland/AFP via Getty Images

Commentary

The European Central Bank’s (ECB) balance sheet has risen to 53.9 percent of GDP in July. That compares to a 32 percent for the Federal Reserve and 33 percent for the Bank of England. This means a 1.78 trillion euro ($2.11 trillion) increase year-to-date.