Draghi asset-purchase plan seen falling short: survey
More than half of economists predict QE programme similar to those carried out by the US Fed, Bank of England
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Frankfurt
MARIO Draghi's latest strategy for the euro area is failing to win over economists.
More than 60 per cent of the respondents in Bloomberg's monthly survey say that the European Central Bank president's plan to steer its balance sheet towards early-2012 levels is set to fall short and a growing number predict he'll resort to large-scale government-bond buying. Two-thirds are unhappy with the lack of details for an asset-purchase programme that will start this month after the ECB declined to say how big it will be.
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