Italy's Prime Minister, Matteo Renzi, had the floor in Davos where he spoke out on recent ECB moves that will serve to weaken the Euro. Mario Draghi's ECB announced it will begin a QE program by buying Euro zone bonds at a rate of about $50billion per month. The Swiss National Bank assumes this will inflate(devalue) the Euro. Mr. Renzi says that this will aid Italy's export market which will boost the economy of his country.
His country needs boosting, across the board as it continues to trail its northern neighbors where national economies have made gains over the last 6-8 fiscal quarters.
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