The ECB’s interventions in sovereign bond markets should not be perceived or interpreted as “freebie” for governments. They are temporary. – Lucas Papademos
Everything is temporary until it becomes permanent. The ECB’s relaunch of a new QE package spurred controversy in the financial media. Moreover, lowering the rate even more into negative territory spells trouble for European banks.
But there's more behind the ECB September package. If you scratch the surface a bit, exciting details make one wonder what the ECB actually did: ease or tighten? I'm inclined to think contrary to the majority of