has spent a total of two point four trillion euros on the program with the bond purchases that eusebius balance sheet as no swollen to over eleven trillion euros that's about forty percent of economic output for the entire euro zone. earlier i talked to our financial correspondent john l. duma loughnane frankfurt with the era of cheap money coming to a close in the eurozone i asked her how it's going down in the markets. well the markets are actually reacting pretty positively although it has to be said that the end of crisis era stimulus was something that was expected now european stocks went up on the reason on this news it appears that the markets quite liked this middle ground between an aggressive and accommodating stance that the e.c.b. has fallen by saying for example it will wrap up bond buying by the end of the year while signaling interest rates will stay at a historic low for probably longer than projected now the e.c.v. already also indicated that the door was open to future intervention as it said in the wording of the. it was and dissipated that the tapering would have be

has spent a total of two point four trillion euros on the program with the bond purchases that eusebius balance sheet has now swollen to over eleven trillion euros that's about forty percent of economic output for the entire eurozone and soon after the decision was announced easy president mario draghi detailed the strategy the bank will follow as the bronze down the bond program. continue to make that purchase on the p.p. that the current monthly piece of thirty million euro will until the end of september two thousand and eighteen. anticipate that after september two thousand and eighteen subject to being coming in data confirming our medium term inflation outlook we will reduce the monthly piece of the net our spiritual sins to fifteen million euros until the end of december two thousand and eighteen and then and purchase. and of course we will follow the story and its consequences for you and to corporate news now on fox has agreed to pay a one billion euro fine as a direct consequence of the it will get the carmaker accepted an order by german prosecutors the first such order comin

spent money to a total of two point four trillion euros on the program with the bond purchases that eusebius balance sheet has no swollen to over eleven trillion euros that's about forty percent of economic output for the entire euro zone soon after the decision was announced e.c.b. president mario draghi detailed the strategy the bank will follow as it runs down the bond program. we will continue to make ned purchase and the a p p that the current monthly piece of thirty billion euro until the end of september two thousand and eighteen. we anticipate that after september two thousand and eighteen subject to being coming data confirming our medium term inflation outlook we will reduce the monthly piece of the medicine purchases to fifty million euros until the end of december two thousand and eighteen and then and purchase. to double your financial correspondent genelle them allowing is that record stock exchange and has been listening to mario draghi very closely to hydra now well it seems like the times of cheap money in the euro zone are finally over how is that going out of the markets.