Imagine you're a newly minted college graduate just into your first job and renting a modest one-bedroom apartment. Now imagine that - because you deserve nice things - it's mandated that a high-end interior decorator will transform your humble dwelling into a feast for the senses.
The ECB vice-president has launched a staunch defence of the central banks's quantitative easing programme, saying large-scale asset purchases were necessary to counter Europe's problem of insufficient demand. Speaking at the Cambridge Union in