
European Central Bank head Mario Draghi has made it clear that the ECB is playing hardball in its fight to set the Eurozone economy right. It’s a gargantuan fight involving a multi-country economic patchwork that is teetering on a potentially crushing deflationary spiral. Overall economic growth in the Eurozone seems stuck in the neighborhood of a dismal 1%. Unemployment is glued at around 11%. Something, obviously, needs to be done and Mr. Draghi apparently has the political will and backing of  enough of the Eurozone’s members to push forth with a daring European take on a page right out of the US Federal Reserve’s game book. Will it be enough? Even if the 1.1 trillion euro price tag of the looming quantitative easing pans out, will this be enough to produce traction on the ground where more people can actually start working and the greater eurozone economy jolted back to vibrant life?