STRASBOURG, France: The European Central Bank’s (ECB) bond-buying program, known as quantitative easing (QE), is the most potent weapon available to tackle eurozone inequality, ECB President Mario Draghi said on Monday (Tuesday in Manila).

“It is true that the richest are the first to benefit from the effects of QE, but at the same time it is the most powerful tool to drive down inequality in the longer term,” Draghi told the European Parliament.