European Central Bank gets ready to unleash $1.1 trillion QE blitzMore “Bloodletting” is about to take place as the European Central Bank is getting ready to announce details of the unprecedented programme of government bond-buying it hopes will lift the bloc out of recession and a vortex of falling prices. Leaders are Convening in Cyprus on Thursday, as President Mario Draghi and his 25-member governing council will be signing-off on plans to purchase €60bn-a-month in government and private sector assets first announced in January.  This move comes after the ECB president fought a protracted struggle with the eurozone’s creditor bloc to unleash a wave of stimulus and rescue the bloc from deflation. Thursday’s meeting of the ECB is expected to iron out a number of the technicalities involved in the package, such as the proportion of risk which will be shared by the eurozone’s national central banks and the ECB. FULL REPORT