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At the moment ECB monetary policy, with near zero interest rates and after a massive programme of Quantitative Easing couldn't be much looser. The fear is that current ECB President Draghi could be replaced by a much tighter monetarist like Jens Weidmann, the German nominee. However the nomination of Merkel for Commission President would have the beneficial side effect have putting any German nominee for another top EU position out of the running - given that the top positions have to be shared out among various member states.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Jun 27th, 2019 at 08:32:32 AM EST
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