- Europe is weak spot in global economy
- Many things still in movement on quantitative easing discussion
- Government bond purchases one option for ECB purchases
- ECB discussing ‘range of options’ on QE
- Key issue is to avoid legal issues with QE
- ECB far away from price stability goal
Nothing notable from Nowotny but the lack of a strong endorsement on QE from many members of the ECB is worrisome for the crowded EUR/USD short trade.
