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ECB to inject 1.1trillion Euros as part of massive QE programme

22 Thursday Jan 2015

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The ECB could buy 50bn Euros of government bonds per month until the end of 2016. Creating new money which is known as Quantitative Easing to buy government debt is expected to reduce the cost of borrowing. Interest rates are to remain at 0.05%. The US programme ran from 2008 to 2014, whilst The UK and Japan have had huge bond buying programmes.

Posted by | Filed under Asia 🌐, Europe 🇪🇺, Financial 💷 💲 🏦, Germany 🇩🇪, USA 🇺🇸

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Russian peace plan for Ukraine is an occupation plan – US says

22 Thursday Jan 2015

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Samantha Power, US ambassador, told the Security Council that Russia had offered the olive branch with one hand whilst providing grad missiles and tanks to Ukranian separatists on the other. She said the new plan freed Russia of its obligations under the Minsk agreement. Russia denies this and urged a resumption of the Minsk peace talks.

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Flashback: Moment Russian tanks moved into Crimea which is now part of Russia (Source: tumblr)

Posted by | Filed under Europe 🇪🇺, International News, Russia 🇷🇺, Terrorism, USA 🇺🇸

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