Hobbes is famous for his early and elaborate development of what has come to be known as âsocial contract theoryâ, the method of justifying political principles or arrangements by appeal to the agreement that would be made among suitably situated rational, free, and equal persons.
TODAY the European Central Bank (ECB) launches its long-awaited programme of quantitative easing (or QE), adding lots of public debt to the private kind it has already been buying. Its monthly purchases will rise from around â¬13 billion ($14 billion) to â¬60 billion until at least September 2016.
QE will be an international exchange based out of Qatar, offering liquidity and a diverse product range, operating according to international best practices. The new company builds on the achievements of Qatar Exchange and the leading position of NYSE Euronext in the global markets. The two shareholders of QE are Qatar Holding and NYSE Euronext. This partnership paves the way for Qatar to take a prominent role in global capital markets. NYSE Euronext will provide state of the art technology and business services to QE.