To push through QE and to preserve his legacy, Mario Draghi just started the countdown on central banking.
Apparently ripping a page out of Jean-Claude Juncker’s play book – “When it’s serious, you have to lie” – outgoing ECB President appears to have been caught in a big fat fib.
In his grand finale press conference today, Draghi unleashed QEternity (albeit with the limits we have noted), proudly proclaiming that “there was no need to vote” because there was “full agreement on the need to act” and a “significant majority” were for QE.
CONTINUE HERE.
