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Draghi Starts Squaring QE Circle in Month of Persuasion for ECB

From bloomberg.com

Mario Draghi has one month to win consensus on quantitative easing by showing he won’t endanger the European Central Bank. As officials prepare to consider sovereign-bond purchases on Jan. 22, the ECB president is working to get as many policy makers and as much of the public on his side as possible. One concession being debated is to require national central banks to be responsible for at least some of their own credit risk, according to people familiar with the talks. Draghi’s chief mission in the next 31 days will be to counter arguments that a QE package designed to revive inflation will instead see the ECB ... (full story)

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