Eurozone money printing is on the horizon – buy Europe now

On Thursday evening, it seemed all was lost for the eurozone. Mario Draghi had sworn to do “whatever it takes” to save the euro. Then on Thursday afternoon, he did nothing. He just talked. With the ‘big bazooka’ failing to materialise, markets plunged, as you’d expect. The European Central Bank (ECB) had failed. But then on Friday, yields on Spanish and Italian debt fell, and markets rebounded sharply. Suddenly the end of the world didn’t seem quite as nigh. So what’s changed everyone’s minds?