Ireland to be ‘top earner’ from quantitive easing

Ireland stands to benefit more than any other nation from the ECB’s €1.1 trillion policy of quantitative easing, with hundreds of millions of euro potentially flowing through the economy by next year as a result.

The country will be a “top earner” from the ECB plan to kickstart growth in the eurozone, according to MEP and former junior minister Brian Hayes.

The QE programme, which began amid much European fanfare last Monday, has already seen the euro fall to 12-year lows against the dollar (€1 = $1.05).