YouKnowWhatIMeanLike
Well-known member
- Joined
- Apr 13, 2011
- Messages
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Mario Draghi OMRI has ignored Germany for most of his reign as chosen ruler of the ECB. Germany's critic that monetary policy cannot supplant fiscal, structural and trade reforms fall on deaf ears in tower of Frankfurt. As it stands Drughi will run the extraordinary measures to the end of his regime at the ECB next year to avoid withdrawal symptoms. Leaving behind a mountain of more than 3 trillion euro of private debt for European taxpayer to pick up?
Will QE end with the appointment of a new ECB president next year? Or is it safe to assume that Germany as usual has no say in the matter due to voting rights in the governing council? aka Club Met?
https://www.cnbc.com/2017/08/28/the-ecb-shouldnt-rush-to-end-stimulus--no-matter-what-germany-says--commentary.html
Will QE end with the appointment of a new ECB president next year? Or is it safe to assume that Germany as usual has no say in the matter due to voting rights in the governing council? aka Club Met?
https://www.cnbc.com/2017/08/28/the-ecb-shouldnt-rush-to-end-stimulus--no-matter-what-germany-says--commentary.html