Archive - May 22, 2015
ECB's Willful Ignorance: Leaking Central Bank Says Austerity "Compliments" QE
Submitted by Tyler Durden on 05/22/2015 01:00 -0500There’s something quite contradictory about telling governments to tighten their belts while promising to buy any and every piece of paper their treasury departments care to issue. In fact, it’s probably fair to say that a €1.1 trillion QE program simply cannot peacefully coexist with a strict, currency bloc-wide austerity policy. This glaring contraction was on full display at the ECB’s April 14-15 policy meeting, minutes show.
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