The European Central Bank’s monetary bazooka brought out, buys government bonds worth 1.14 trillion euros over the next 19 months. The German politics and business are outraged by the step.
billions of free
Swabian Newspaper:. “ The European Central Bank has let himself be carried away to a show of force, the cost many German as desperation more than a trillion euros pump the monetary authorities to autumn next year in the market, the equally experimental as daring ECB President Mario. Draghi has prevailed. He must adopt the euro as a common currency. The joy of punters, exporters and Southern politician he is certain. The Germans, however, are internationally isolated, their demand for a hard EUR nobody wants to hear. is a Failure of steadfast Bundesbank President Jens Weidmann, who does not want to solve Europe’s problems by printing money. Lapsed are the promises of the Chancellor to establish financial assistance to reform. Now there are billions of free, the euro weakened willingly in the service of a supposedly higher cause. The pragmatic ECB feels starving entrepreneurs in France and Italy unemployment more committed than German savers 8220;
Draghi opens the floodgates on an unprecedented scale
Stuttgarter Nachrichten. “For years, central banks try to save the world by reducing interest rates and on. This contributed in 2008 significantly to the global financial crisis, which led almost seamlessly into a sovereign debt crisis. Again and again, the goal was to boost pump on the economy. But the attempt to combat debt through debt even higher, always brought only temporary relief – after the crises returned more violently back. Nevertheless, the floodgates ECB chief Mario Draghi now opens to an unprecedented extent. “Buy
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Draghi = Monetary policy gambler
The World: “The decision of the European Central Bank (ECB), massively buy government bonds, is an incision. The program violates pretty much against everything that is sacred to the Germans in monetary matters and regulatory policy. Especially in Germany, the temptation might be great, now disqualify ECB President Mario Draghi as the monetary policy gambler. But this is wrong. The central bank has come under pressure to act, because Europe’s economy does not come off the ground. But is not the ECB, but the policy responsibility. has failed to provide the necessary pressure for reform in all euro countries. “
ECB chief pulls out the last Ass “Mario Draghi holds, as might be expected, course: in sleeves
Reutlinger General-Anzeiger. In the spirit of no return, additional liquidity pumped into the markets in the next few months over 1,000 billion euros. Thus, the monetary authorities are finally embarked on the course, as practiced, the US central bank, the Bank of England and the Bank of Japan. It will be the last ace that conjures the ECB chief of the sleeve. An uneasy feeling remains even among those who defend its course. Among the experts, the opponents are in the majority. The Federal Constitutional Court sees concerns, a reviewer of the ECJ was recently but green light “
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