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On This Day in 2015: The European Central Bank Decided to Initiate a Quantitative Easing Program


The European Central Bank decided to initiate a quantitative easing program that will involve printing euros in order to purchase government-issued debt instruments.

The program was expected to enhance existing measures to improve the economy within the eurozone. 

The Eurozone is a geographic and economic region that consists of all the European Union countries that have fully incorporated the euro as their national currency. Also referred to as "euroland".

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