The decline in governments’ borrowing costs is unlikely to boost growth much, as European Union rules preclude fiscal expansion. Overall, the eurozone’s fiscal stance is set to be broadly neutral this year, according to the European Commission, albeit with further squeezes in Ireland, France, and Italy.
量化宽松所带来的好处也很可能会被证明是暂时的。政府借贷成本的降低也不太可能大幅刺激增长，因为欧盟的相关法规不允许财政扩张。根据欧盟委员会的声明，虽然爱尔兰，法国和意大利进一步紧缩开支，但总体来说，欧元区今年的财政态势将在很大程度上维持中性。