MNI have the lead on EU officials being convinced that that the ECB are ready to embrace QE. However, there’s some senior officials who say that QE may not have the economic impact that some are expecting and that the legal arguments and challenges might hold up the program.
One source said
“I am not ideologically opposed to QE, but I am sceptical on economic grounds because as you free up parts of the balance sheet of the banks, the big question is what will they do”
We obviously know where the biggest potential hold up risk is going to come from and that’s over in Germany.
