piraeus bank group

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USA & Eurozone: High growth rates for now, but arising problems for later?


The government bond purchase by the ECB (due to the implemented QE programme) exceeds remarkably the net government bond issuance. This has led to the maintenance of the relatively very low yields for the countries – members of the Euro area. The future termination of the QE programme will probably lead to significant rise in the yields of the countries with high debt to GDP ratio.