Europe Shows Its Cheerful Side-by Vidya Ram and Javier Espinoza
A wave of optimism dominated equity trading in Europe on Wednesday as investors tried to figure out what the European Central Bank will do to shore up the euro zone economy at its policy meeting on Thursday. Ever since the governor of the bank hinted that "non conventional" methods could be introduced at the May meeting, there has been frenzied speculation about whether or not it will join the Federal Reserve in introducing a form of quantitative easing, most likely by buying government bonds or corporate debt to get money flowing through the economy.
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