Roadblocks on the highway to QE

By GlobalCapital
14 Aug 2014

Scepticism and confusion abound when the ECB’s ABS purchase programme is under discussion. Is it supposed to create money, to channel credit to peripheral SMEs, or to reinvigorate the private sector? Maybe all that and more.

Mario Draghi said last week that the ECB was still making progress on the project, and promised a consultant to help, to be revealed shortly.

But even insiders are sceptical about the scheme. The ECB has had a risk management framework in place to deal with the ...

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