ECB should do QE — but not in my backyard

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ECB should do QE — but not in my backyard

Draghi June 5
President of the European Central Bank (ECB) Mario Draghi attends a press conference in Frankfurt am Main, Germany, 05 June 2014. The European Central Bank cuts interest rates to an historic low of 0.15 per cent to spur economic growth and bank lending. Photo: ARNE DEDERT/dpa | Arne Dedert/DPA/Press Association Images

Quantitative easing sounds like a great idea until it jumps on your own lap with its heavy boots.

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