Vladimír Urbánek (Kurzy.cz)
Markets  |  September 07, 2012 12:42:28

Germany does not agree with the plan of the ECB, can ruin euro


ECB introduced a plan to unlimited purchases of European government bonds. Equity markets are cheering and grow over fist, but there are also critical voices. These come mainly from Germany, where the conservative media to plan the ECB rather sharply pulled on her. ECB according to some comments his plan directly threatens the euro itself, because it could be up to his "ruin". ECB unlimited purchase mandate would significantly compromise the independence of the ECB. Media also doubt that the ECB has the planned schedule sufficient mandate.

The decision by the ECB chief Draghi did not support one of the members of the Monetary Committee. In all probability it was the German representative.
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