Last year, the eurozone was on the verge of a double-dip recession. When it recently fell into technical deflation, the European Central Bank finally pulled the trigger on aggressive easing and launched a combination of quantitative easing (including sovereign-bond purchases) and negative policy rates.
复苏的近因不难识别。去年，欧元区还在二次触底边缘徘徊。当欧元区陷入技术性通缩时，欧洲央行终于扳动了激进宽松的扳机，采取了量化宽松（包括购买主权债券）和负政策利率双管齐下的措施。