Video: Larry Summers on European QE
![](https://assets.weforum.org/article/image/large_CPIfEBE5roLX8CGHfrTpmgQ1yLCSJDAXrccndaCD_Vk.jpg)
![A hand holding a looking glass by a lake](/uplink.jpg)
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:
Economic Progress
I am all for European QE. The risks of doing too little far exceed the risks of doing too much. Deflation and secular stagnation are the macroeconomic threat of our time. That said, I think it is a mistake to suppose that QE is a panacea in Europe, or that it will be sufficient.
Watch a clip of Larry Summers, Harvard University professor and former US secretary of the Treasury, addressing the World Economic Forum’s Annual Meeting 2015 in Davos above, and catch up with his full session on the end of quantitative easing, here.
Image: Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University, USA lifts his hand as he talks during the session ‘Ending the Experiment’ in the congress centre at the Annual Meeting 2015 of the World Economic Forum in Davos, January 22, 2015. WORLD ECONOMIC FORUM/swiss-image.ch/Photo Valeriano DiDomenico
Don't miss any update on this topic
Create a free account and access your personalized content collection with our latest publications and analyses.
License and Republishing
World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.
The views expressed in this article are those of the author alone and not the World Economic Forum.
Related topics:
The Agenda Weekly
A weekly update of the most important issues driving the global agenda
You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.
More on Financial and Monetary SystemsSee all
Lena Haas
July 19, 2024
Joe Myers
July 19, 2024
Meagan Andrews and Hallie Spear
July 17, 2024
Aru Bhat and Sofia Eckrich
July 17, 2024
Jerome Desbonnet and Oded Vanunu
July 16, 2024
Rebecca Geldard
July 12, 2024