Why didn't ECB's quantitative easing quickly halt the 2009-2014 Euozone Sovereign Debt Crisis?

1

The US Federal Reserve’s balance sheet increased to a record $6.70 trillion, as at Apr 30 2020 according to its website. I know the Eurozone Sovereign Debt Crisis hit Greece, Ireland, Portugal, Spain, Cyprus, all different nations.

  1. Did the European Central Bank (ECB) spend just as much?

  2. If not, why not?

  3. If it had spent as much as the US Federal Reserve did, could it have swiftly stopped the Eurozone Sovereign Debt Crisis?

user32200

Posted 2020-05-02T22:50:45.577

Reputation:

Question was closed 2020-05-18T12:35:07.477

3Why would QE resolve it? – ThisIsNoZaku – 2020-05-03T06:39:50.913

Please don't edit your questions into new unrelated ones - I've rolled back your edit. Ask a new question instead. See related meta discussion: https://politics.meta.stackexchange.com/q/4339/28994

– CDJB – 2020-05-12T23:22:06.640

1Question 3 is speculative, questions 1 and 2 should likely be asked separately – divibisan – 2020-05-13T00:43:35.020

No answers