# Prof. Kim Schoenholtz on the ECB's moves to boost economic growth

1 Faculty News June 5, 2014 ![Fortune logo](/sites/default/files/styles/246w/public/assets/images/con_031172.jpg?itok=61CxYB-R)>

Excerpt from [Fortune](http://fortune.com/2014/06/05/ecb-plunges-into-uncharted-waters-cutting-deposit-rate-below-zero/) -- "[Kim Schoenholtz](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz), a professor at NYU Stern School of Business, said that, to make a real difference, the ECB would have to buy around €1 trillion in assets, but said that would involve buying all manner of low-quality debt and would trigger yet another political storm. 'Unfortunately, it’s very difficult for them to have a substantial impact without breaking glass,' Schoenholtz said."

[Read more](http://fortune.com/2014/06/05/ecb-plunges-into-uncharted-waters-cutting-deposit-rate-below-zero/)