By: Pete Jackson
The bond buying programme is compliant with the EU treaties, which the ECB is committed to in order to preserve Eurozone solidarity and preservation of the single currency. Programme will not fuel inflation, is not QE or monetary financing, and poses no risk to the ECB's balance sheet Idea that central banks have unlimited capacity to print money is an illusion There no excuse for countries not to reform
The bond buying programme is compliant with the EU treaties, which the ECB is committed to in order to preserve Eurozone solidarity and preservation of the single currency. Programme will not fuel inflation, is not QE or monetary financing, and poses no risk to the ECB's balance sheet Idea that central banks have unlimited capacity to print money is an illusion There no excuse for countries not to reform
