Explainer: What is the ECB 'Bazooka' and Will It Spur a Eurozone Recovery?

Description

Shabbir Dastgir writes on the  slate of new measures introduced by the European Central Bank to try and bolster growth in the eurozone. Some have referred to Mario Draghi, the ECB president, as bringing out his "bazooka".  Faced with the threat of deflation, he is keen to try and boost inflation nearer to its target level of around 2% from its current level of -0.2%.