Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
So? Does that justify your assertions that the ECB is going to do nothing? You yourself said operations on the secondary market could be carried out without publicity. Is it a good idea to give publicity to what might be done or what it is planned to do?

I'm not just thinking of the effect on the markets of an open declaration that one is going to intervene in the markets, but of the message as understood by other countries on the list the pundits have drawn up, and what knock-on effects that might have.

How the ECB will implement a policy of quantitative easing

purchases of government debt in the secondary market might interfere with the market's risk pricing mechanism, and might raise fears that the ECB is financing budget deficits
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Feb 13th, 2010 at 07:04:36 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series