No, not just yet. But you are aware that even the IMF has put a floor under the lending rates.
As for Europe....you people have been reading a bit too much ZH, Ambrose, etc.
Thorburn,
anything you want to know about ECB's asset purchase programs (QE) is on http://www.ecb.europa.eu/mopo/implement/omo/html/index.en.html
including the latest covered bond purchase from last week.
one qe too many, page-11
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