Both approaches, by supporting the capacity of the monetary and financial sector at large to acquire assets, can support asset prices and lending, which is conducive to a smooth deleveraging process in the economy. Asset purchases directly create scarcity in the instrument being purchased. This exerts an upward pressure on prices, and, through portfolio rebalancing effects, may also affect the prices of other assets.
Though these 2 concepts are still embraced by many people in Europe; many others reject both of them. Others adhere to nationalism and reject socialism; yet others are internationalists and socialists at the same time. In the heads of people it is still very heterogeneous. This of course has an influence on how people organize themselves, how the institutional framework is shaped.