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ECB Stimulus Cannot Mimic the Fed Reserve

Patrick Legland of Societe Generale has called for the need of a specific type of QE to help European growth, arguing it cannot be compared to the Federal Reserve's stimulus program, given financial markets finance 80% of corporates in the US - while a different dynamic exists in Europe. Legland noted that while Germany has no deficit, its debt problems would re-emerge if it failed to stimulate growth. He does not see Ukraine as a destabilizing force for broader European financial markets.