19 Jan 2015
Weekend edition papers discussing ECB again - Investec
FXStreet (Guatemala) - Jonathan Pryor, Corporate Treasury Analyst at Investec bank noted the hype around the ECB this week, discussed in weekend papers.
Key Quotes
"This Thursday's ECB monetary policy meeting and press conference was in the news again this weekend in what remains the event of the week."
"The German magazine Der Spiegel ran a story that ECB President Mario Draghi briefed German Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble on QE plans under which national central banks would buy bonds issued by their own country."
"The plan, which tries to avoid a transfer of risk between member states, reportedly sees purchases in line with the ECB’s capital key with a limit of 20% - 25% of each country’s debt. Greece would be excluded from the program because its bonds don’t fulfil the necessary quality criteria, the magazine said. An ECB spokesman declined to comment on the design of any QE program"
Key Quotes
"This Thursday's ECB monetary policy meeting and press conference was in the news again this weekend in what remains the event of the week."
"The German magazine Der Spiegel ran a story that ECB President Mario Draghi briefed German Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble on QE plans under which national central banks would buy bonds issued by their own country."
"The plan, which tries to avoid a transfer of risk between member states, reportedly sees purchases in line with the ECB’s capital key with a limit of 20% - 25% of each country’s debt. Greece would be excluded from the program because its bonds don’t fulfil the necessary quality criteria, the magazine said. An ECB spokesman declined to comment on the design of any QE program"