Next Thursday (January 22), the European Central Bank will be hosting an important meeting. Last year, Europe experienced a setback in their recovery from the debt crisis as growth ground to a halt. As a result, the ECB took a series of actions over the past several months in an attempt to support the recovery. Their efforts thus far have been considered lackluster by financial markets, which has led to growing speculation that ECB President Mario Draghi will resort to a large-scale asset purchase program (otherwise known as quantitative easing) in hopes of achieving the desired impact. Indeed, he has stated on more than one occasion that the ECB intends to restore the balance sheet back to its 2012 level, which translates into an expansion of nearly one trillion euros from its current size.