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Maybe they should call it 'Qualitative Squeezing' instead?

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
by melo (melometa4(at)gmail.com) on Wed Apr 27th, 2016 at 02:21:05 AM EST
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"Qualitative Fingernail Extraction"?
by rifek on Wed Apr 27th, 2016 at 03:33:14 PM EST
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But the ECB is certainly not asking Germany to provide the funds for QE! NO! They are just printing the money. If Germany dares to object the ECB can always say: "well, then, please tell the general public that you are preventing us from defending the payment system." As others here have so often noted defending the payment system is the most fundamental job of a central bank. After all, Euros are the liability of the ECB and only the ECB can print Euros - err - effectively.


"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Apr 28th, 2016 at 11:10:06 PM EST
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